5223 Marcy Lane

    Princeton, TX 75407
    • $296,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 14161410
    UPDATED: 10 min ago
    $296,000
    • 0
      BEDS
    • 1.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Wei Xu of Dfw Home.

    Description

    9.69% CAP in Collin! Strong cash flowing 8 unit property located 0.5 miles from Lavon Lake on over 1+ acres. Class C property with reasonable of market priced rents that is a CASH COW. around $4000 per month rental income. Multi-unit mix: duplex, SW manufactured home, 4 efficiency buildings (300 sq. ft. structures), and functioning RV. Princeton ISD with stable tenant base. Zoned residential for additional buildings, improvements or pads for RVs or mobiles to further improve land. (Buyer to verify with Collin County). Low risk, high return asset that a savvy investor can overlook the visual obstructions. It sells AS-IS.

    Monthly Payment Calculator



    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Roberts Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Roberts Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-18T22:40:16.543.
    www.yourtexashomesolution.com/homes/97853563

    5223 Marcy Lane Princeton, TX 75407

    • Price: $296,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 14161410
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.18
    Acres
    1970
    Built
    Neighborhood:
    S D Terry Surv Abs 890
    County:
    Collin
    Area:
    Princeton
    Elementary School:
    Godwin
    Middle School:
    Southard
    High School:
    Princeton
    School District:
    PRINCETON ISD
    Property Description
    9.69% CAP in Collin! Strong cash flowing 8 unit property located 0.5 miles from Lavon Lake on over 1+ acres. Class C property with reasonable of market priced rents that is a CASH COW. around $4000 per month rental income. Multi-unit mix: duplex, SW manufactured home, 4 efficiency buildings (300 sq. ft. structures), and functioning RV. Princeton ISD with stable tenant base. Zoned residential for additional buildings, improvements or pads for RVs or mobiles to further improve land. (Buyer to verify with Collin County). Low risk, high return asset that a savvy investor can overlook the visual obstructions. It sells AS-IS.
    Exterior Features

    Construction SidingSteelWood Foundation OtherPier & BeamPiered Beam SlabSlab Parking Or Garage Front Parking Spaces 14 Pool On Property No Roof CompositionMetal

    Interior Features

    Handicap YN No Heating OtherSpace HeaterWindow Unit Interior Features Other Kitchen Equipment Cooktop - ElectricDishwasherOven-Electric Sq Ft Building 2611

    Property Features

    Building Area Source Tax Buildings 6 Complex Name 5223 Marcy Construction Status Preowned Gross Annual Expenses 17000 Gross Annual Income 48000 HOA None Insurance Expense 1200 Intermediate School Huddleston Junior High School Clark Municipal Utility District No Net Annual Income 31000 Possession Subject To Lease Property Type Mul-Multiple Single Units Unexempt Taxes 2873 Unit Count 4 Utilities Co-Op WaterGravel/RockOutside City LimitsSeptic Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Roberts Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Roberts Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-18T22:40:16.543.
     
    Roberts Real Estate Group
    4861 Verbena Way
    Prosper TX, 75078
    Offered by Wei Xu of Dfw Home.