Justin, TX 76247 11638 Sam Reynolds Road
$1,999,500
4 more
- MLS# 20711016
- 08/23/2024
Presented By: Bernardo Vallarino with Keller Williams Fort Worth; 817-920-7700
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Beds • 32
Baths • 21
SQFT • 2,016
Year Built • 1993
Home Details
A portfolio of nine income-producing properties located within 15 miles of each other is centrally situated in Justin (3), Ponder (2), and Rhome (4). All homes in the portfolio are 100% occupied by long-term tenants and generate a gross annual income of $181,560. All homes sit on 1+ acre lots and have been well-maintained, making these highly desirable rental units for any investor. This turn-key portfolio is an instant cash-flow opportunity in the high-growth area of Alliance, which straddles Denton and Tarrant counties. Alliance is one of the nation's premier business parks, offering a variety of work environments, including office, industrial, flex, and retail. Cash purchase, properties are not in the same neighborhood making it difficult for financing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Please be aware, tenants were not disturbed to obtain accurate room dimensions. PNL numbers are a 3-year average.
Presented By: Bernardo Vallarino with Keller Williams Fort Worth; 817-920-7700
Interior Features for 11638 Sam Reynolds Road
Bedrooms
Total Bedrooms32
Bathrooms
Total Baths21
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCombination
Heating Y/NYes
Interior AmenitiesOther
General for 11638 Sam Reynolds Road
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange
Attached Garage No
AttributionContact817-920-7700
Cap Rate7.05
Carport Y/NNo
CityJustin
Construction MaterialsOther
CoolingElectric
CountyDenton
DirectionsPlease rely on map or GPS for location of each one of the units.
Electric On Property Y/NNo
Elementary SchoolHatfield
Elementary School DistrictNorthwest ISD
Full Baths21
Garage Y/NNo
Gross Income181560.0
HOANo
HeatingElectric
High SchoolNorthwest
High School DistrictNorthwest ISD
Home Warranty Y/NNo
Insurance Expense5717.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSUNFLOWER MEADOWS BLK 1 LOT 3 SN#1 PH17423A H
LevelsOne
Lot Size Square Feet43560.0
Lot Size UnitsAcres
Middle/Junior High SchoolPike
Middle/Junior School DistrictNorthwest ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-01-02T23:07:01.497-00:00
Net Operating Income140938.0
New ConstructionNo
Number Of Units Total9
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerSepticTank
Standard StatusActive
StatusActive
Stories1
Subdivision NameSunflower Meadows
Tax Annual Amount1641.0
Tax Lot3
UtilitiesOther, SepticAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1993
Year Built DetailsPreowned
Exterior for 11638 Sam Reynolds Road
Building Area Total2016.0
Crops Included Y/NNo
Foundation DetailsOther
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres1.0
Lot Size Area1.0
Number of Buildings9
Open Parking Y/NNo
Parking FeaturesOther, Outside
SpaNo
Total Parking0.0
Additional Details
Price History
Schools
High School
Northwest High School
Elementary School
Hatfield Elementary School
Middle School
Pike Middle School
Suzanne Smith
Broker/Owner