Denison, TX 75020,1103 S Armstrong Avenue
$750,000
Est.Price: ?

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5,786 SqFt

1103 S Armstrong Avenue Denison, TX 75020

Est. payment /mo
SOLD DATE : 03/19/2021

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,786 sqft

Price per Sqft $129

Subdivision Dumas J P Add

MLS Listing ID 14469909

Sold Date 03/19/21

Total Fin. Sqft 5786

Year Built 1946

Annual Tax Amount $3,632

Lot Size 0.689 Acres

Acres 0.689

Property Description

Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!

Location

State TX

County Grayson

Zoning Commerc

Direction Follow US-377 N and US-82 E to E Hwy 82 in Sherman. Take exit 643 from US-82 E. Take Texoma Pkwy to S Armstrong Ave.

Interior

Heating Other

Cooling Other, Window Unit(s)

Flooring Vinyl

Heat Source Other

Exterior

Utilities Available City Sewer, City Water

Roof Type Metal

Street Surface Asphalt,Concrete

Parking Type Common

Garage No

Building

Foundation Pillar/Post/Pier

Others

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Aerial Photo

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Shawna Martinez • Texas Realty Exchange, LLC
Bought with Non-Mls Member • NON MLS

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Genevieve Golden

Broker | License ID: 0603993

+1(903) 268-6347

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