Lindale, TX 75771 11722 Fm 16 W
$899,900
20 more
- MLS# 20806934
- 01/02/2025
Presented By: Stacey Harris with Leslie Cain Realty; 903-594-8721
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Beds • 8
Full/Half Baths • 8 / 4
SQFT • 5,776
Garage • 1
Year Built • 2023
Home Details
Rare luxury investment property opportunity in Lindale! Fourplex with multiple investment strategies already in play. 2 bedrooms and 2.5 baths per unit including full upscale kitchen, laundry area, open concept living and level 2 Tesla chargers in all units! 2 units currently used as Mid-term rentals, 1 unit as Short-term and 1 unit as Long-term. Maximum rental potential already achieved and all you have to do is continue the plan! 3 units are fully furnished including all appliances and everything needed to continue the current strategy will convey! Come see this exceptional opportunity in one of the highest rated school districts in East Texas which equates to AWESOME rent rates and LOW VACANCIES. Call today to schedule a tour!
Presented By: Stacey Harris with Leslie Cain Realty; 903-594-8721
Interior Features for 11722 Fm 16 W
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths4
Total Baths12
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, CeramicTile, Vinyl
Heating Y/NYes
Total Fireplaces
General for 11722 Fm 16 W
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricOven, ElectricRange, Microwave, Refrigerator
Attached Garage Yes
AttributionContact903-594-8721
Cap Rate0.0
Carport Y/NNo
CityLindale
Construction MaterialsBrick, StoneVeneer
CoolingCentralAir, Electric
CountySmith
DirectionsFrom downtown Lindale head East on FM 16. Property is on the left.
Electric On Property Y/NNo
Elementary SchoolPenny
Elementary School DistrictLindale ISD
Full Baths8
Garage Spaces1.0
Garage Y/NYes
Gross Income0.0
HOANo
HeatingCentral, Electric
High SchoolLindale
High School DistrictLindale ISD
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesCableTv
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionALLEGRETTO ESTATES LOT 1A
LevelsTwo
Lot Size Square Feet43647.12
Lot Size UnitsAcres
Middle/Junior School DistrictLindale ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-01-02T23:11:06.573-00:00
Net Operating Income0.0
New ConstructionNo
Number Of Units Total4
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerAerobicSeptic
Standard StatusActive
StatusActive
Stories2
Subdivision NameAllegretto Estates
Tax Annual Amount10021.0
Tax Lot1A
UtilitiesSepticAvailable, WaterAvailable, CableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2023
Year Built DetailsPreowned
Exterior for 11722 Fm 16 W
Building Area Total5776.0
Crops Included Y/NNo
FencingWood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres1.002
Lot Size Area1.002
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesElectricVehicleChargingStations, Garage, GarageDoorOpener
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Schools
Elementary School
Penny Elementary School
High School
Lindale High School
Middle School
N/A
Suzanne Smith
Broker/Owner