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114 Nw Davis Street, Fabens, TX 79838

$625,000
: 6,300
SqFt

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List Price: $625,000
Days on Market: 0
MLS#: 950580
Status: ACTIVE
Sq. Ft: 6,300
Acres: 0.23
Subdivision: Fabens
Year Built: 2019

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Property Description

Exceptional income-producing opportunity in growing Fabens, TX! Offered at approximately $78,000 per APARTMENT unit, an outstanding value that would be extremely difficult to duplicate at today's new-construction costs. This well-maintained 8-unit complex is 100% occupied and includes 2 studios, 1 one-bedroom and 5 two-bedroom units. Each unit features a full kitchen and bath, stove, refrigerator and A/C. Excellent tenant retention, with residents staying 2-6 years and two tenants since opening in 2020. Property includes 12 Wi-Fi/app-accessible security cameras, providing added peace of mind for tenants. Coin-operated laundry with 2 washers/2 dryers generates approximately $250-$350 monthly additional income. Landlord pays water; tenants pay electricity and gas. Turnkey investment with established income and strong rental history! DO NOT DISTURBED TENANTS

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Additional Information

Taxes: $7,716
Stories: 1
Appliances: Range Hood, Refrigerator, Gas Cooktop
Heating: Central
Sewer: Public Sewer
Elementary School: Fabens
Middle School: Fabens
High School: Fabens