Flint, TX 75762 18747 Fm 2493
$2,541,000
31 more
- MLS# 20965019
- 06/10/2025
Presented By: Matthew Marshall with Drake Real Estate & Investment; 903-581-3737
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Beds • 8
Baths • 8
Year Built • 2023
Home Details
The Shires - New 8 Unit Townhome Complex. Newly constructed and 100% occupied 8-unit townhome complex in Flint, Texas with value-add upside! Purchasers will have the opportunity to develop 20 more units on an additional 1.5 acres primed for vertical construction.
Highlights:
• Year 1 NOI: $125,268.
• Additional land + infrastructure for developers.
• Per Unit: 3 bedroom, 2 bathroom. ~ $1,896 rent per mo. ~ 1,400 SF.
• 16 parking spots (2 per unit).
• Modern interior finishes.
Contact agent for OM.
Presented By: Matthew Marshall with Drake Real Estate & Investment; 903-581-3737
Interior Features for 18747 Fm 2493
Bathrooms
Total Baths
Other Interior Features
FlooringConcrete
Interior FeaturesKitchen Island
Lock Box TypeNone
Occupancy Rate100
Total Units8
Unit Count3
General for 18747 Fm 2493
# of Buildings1
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
Capitalization Rate4.93
CityFlint
Complex NameThe Shires
Construction MaterialsSiding
CoolingCentral Air, Electric
CountySmith
DirectionsFrom the intersection of Loop 49 and FM 2493, head south on FM 2493. Property will be on the left in approx. 2.5 miles.
Elementary SchoolOwens
Elementary School NameOwens
Gross Annual Expenses62250.00
HOA TypeNone
HeatingCentral, Electric
High SchoolTyler Legacy
Insurance Expense16140
LevelsTwo
Operating Expense IncludesInsurance, Maintenance, Maintenance Grounds, Maintenance Structure, Manager, Trash, Water/Sewer, Other
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictTyler ISD
Security FeaturesSecurity Lights, Smoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameHENRICHSON SUBD
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2023
Year Built DetailsNew Construction - Complete
Exterior for 18747 Fm 2493
Building Area Total12888.00
Exterior FeaturesRain Gutters, Lighting
FencingWood
Foundation Slab
Lot Size Acres2.0680
Lot Size Area2.0680
Lot Size Square Feet90082.0800
Lot Size UnitsAcres
Number Of Parking Spaces16
Parking FeaturesOff Street, On Site, Parking Lot
Patio And Porch FeaturesCovered
Additional Details
Price History
Schools
Elementary School
Owens Elementary School
Middle School
N/A
Suzanne Smith
Broker/Owner