UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Original Alvord
MLS Listing ID 21293554
Bedrooms 9
Full Baths 6
HOA Y/N None
Total Fin. Sqft 3395
Year Built 2019
Annual Tax Amount $7,949
Lot Size 9,713 Sqft
Acres 0.223
Property Sub-Type Triplex
Property Description
The thoughtfully designed floor plans include spacious living areas, separate kitchen nooks for dining, and electric range appliances in each unit. Electric washer and dryer connections provide added convenience for tenants while reducing maintenance concerns often associated with shared laundry facilities. Each residence is also equipped with individual HVAC systems, allowing tenants to control their own comfort while helping owners manage utility efficiency more effectively.
A durable metal roof enhances the property's exterior appeal while potentially contributing to lower long-term maintenance costs and extended roof life compared to many traditional roofing materials. Additional storage space adds practical value for residents and increases the property's marketability in a competitive rental environment. The property's newer construction age may provide advantages related to reduced deferred maintenance compared to older multifamily assets, making this an appealing option for both seasoned and first-time investors.
Located in Alvord, this property benefits from the appeal of small-town Texas living while maintaining access to larger North Texas employment and growth corridors. The combination of modern construction, desirable unit sizes, and functional amenities positions this property as a strong income-producing asset with long-term upside potential. Multifamily opportunities with this combination of age, layout, and functionality remain increasingly difficult to find in today's market.
Location
State TX
County Wise
Direction From US 287 and US 380 in Decatur, TX, head northwest on US 287 N, US 81 N. Take the US-81 BUS N, US-287 BUS N exit toward Alvord and continue onto US 287 BUS N, US 81 BUS N. Your destination will be on the right.
Interior
Interior Features High Speed Internet Available
Heating Central, Electric
Cooling Central Air, Electric
Flooring Wood
Appliance Dishwasher, Disposal, Electric Range
Heat Source Central, Electric
Exterior
Utilities Available Asphalt, City Sewer, City Water, Electricity Connected
Roof Type Metal
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick,Wood
Schools
Elementary Schools Alvord
Middle Schools Alvord
High Schools Alvord
School District Alvord Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21293554
Nearby School & Business
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