Lindale, TX 75771 11722 Fm 16 W

$899,900

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 20806934
  • 01/02/2025
  • Get pre-approved
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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
  • 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

Fireplaces Total0
FlooringCarpet, Ceramic Tile, Vinyl
Interior FeaturesCable TV Available
Lock Box TypeCombo
Total Units4
Unit Count4

General for 11722 Fm 16 W

# of Buildings1
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Capitalization Rate0.00
CityLindale
Complex NameAllegretto Estates
Construction MaterialsBrick, Siding, Stone Veneer
CoolingCentral Air, Electric
CountySmith
DirectionsFrom downtown Lindale head East on FM 16. Property is on the left.
Elementary SchoolPenny
Elementary School NamePenny
Full Baths8
Gross Annual Expenses0.00
HOA TypeNone
HeatingCentral, Electric
High SchoolLindale
Insurance Expense
LevelsTwo
Number of Garage Spaces1
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictLindale ISD
Standard StatusActive
StatusActive
Subdivision NameAllegretto Estates
Unexempt Taxes10021
UtilitiesAerobic Septic, Cable Available, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2023
Year Built DetailsPreowned

Exterior for 11722 Fm 16 W

Attached Garage Y/NYes
Building Area Total5776.00
FencingWood
Foundation Slab
Garage Y/NYes
Lot Size Acres1.0020
Lot Size Area1.0020
Lot Size Square Feet43647.1200
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesElectric Vehicle Charging Station(s), Garage, Garage Door Opener

Additional Details

Price History

Schools

Elementary School Penny Elementary School
Middle School N/A
High School N/A

Suzanne Smith

Broker/Owner
Price $899,900
MLS#20806934
List Date 01/02/2025
Property Type Multi-Family
Phone 903.235.4216
Get pre-approved
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Request Info
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