About 131-139 Houston Street
Turnkey 4-unit multi-family built in 2020 — two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities — every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.
Features of 131-139 Houston Street
| MLS® # | 21343744 |
|---|---|
| Price | $735,000 |
| Bedrooms | 12 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 5,000 |
| Acres | 0.57 |
| Year Built | 2020 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 131-139 Houston Street |
|---|---|
| Subdivision | E D Harrsion |
| City | Italy |
| County | Ellis |
| State | TX |
| Zip Code | 76651-4052 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 8 |
| Garages | Driveway, Shared Driveway |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Decorative Lighting, Eat-in Kitchen, Kitchen Island, Open Floorplan |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Italy ISD |
|---|---|
| Elementary | Stafford |
| Middle | Italy |
| High | Italy |
Additional Information
| Flooring | Carpet, Laminate |
|---|---|
| $/LivSqFt | $147 |
| Net Income | $50,318 |
| Building Sqft | 5,000 |
| # Units | 4 |
Listing Details
| Agent | Neil Clements |
|---|---|
| Office | Keller Williams Realty |
| Contact Info | 972-533-8201 |