114 Nw Davis Street, Fabens, TX 79838
- $625,000
- 6,300
- SqFt
- List Price
- $625,000
- Days on Site
- 0
- MLS#
- 950580
- Status
- ACTIVE
- Sq. Ft
- 6,300
- Acres
- 0.23
- Subdivision
- Fabens
- Year Built
- 2019
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
Mortgage Calculator
Listing courtesy of Listing Agent: Ramon Jaimes () from Listing Office: Jaimes Realty Inc..