503 Morris, Terrell, Texas

$550,000

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Property Details

MLS ID: 20899506

Status: Active

Price: $550,000

Acres: 0.2±

Type: Fourplex, Residential

Address: 503 Morris

City, State: Terrell, TX

County: Kaufman County

ZIP Code: 75160

Lat/Long: 32.74154, -96.27872

Parcel Number: 40632

Bedrooms: 8

Bathrooms: 8

Year Built: 1972

Description

100% occupied 4plex for sale in Terrell, Tx! $4,520 in gross monthly rents + 300 in water bill-backs equals 4,820 in total gross monthly income with room to increase on upcoming renewals. All 2 bed units. Unit 1 lease end date is 6-27-25, Unit 2 lease end date 7-31-25, Unit 3 lease end date 3-31-26, Unit 4 lease end date 6-30-25. Spacious living areas greet you upon entry. Flows seamlessly into your L-shaped Kitchen with plenty of storage and c-top space! Both Bedrooms are a good size! Electric is separately metered and paid by tenants. Water is one meter and paid by owner. Water bill-backs in place to help off-set this cost.

Directions: Property is on Morris on the left.

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Robert Bong

Capitol Ranch Real Estate, LLC

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Robert Bong

Capitol Ranch Real Estate, LLC

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Listed By: Will Clark of Omnikey Realty, Llc.