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501 NW 6th Street

Mineral Wells, TX 76067
  • $775,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 14710347
Price Reduced
$775,000
  • 15
    BEDS
  • 0.27
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Offered by Sherry Patterson of Aspire Investments Llc.

Description

Investment opportunity! 7 units walking distance to The Baker & Crazy Hotels. With the plans for Mineral Wells to be the Branson of TX this could be a short term rental cash cow! Currently 4 units have all new plumbing, electric, flooring, kitchens, baths, everything new. All 7 have new windows. HVAC's have been serviced & all in good working order. Separate meters for water & electric. Four units are complete, one unit was left as a 3 bed 2 bath. 2 of the units are leased @ $1200. This price is if sold as is with 4 units completed. Most of the finish out materials are there for the other 3 units. They are U shape & could be a really cool courtyard. We are planning for $8700 in rents. Map takes you to NE 6th.

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© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Wood Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Wood Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-01-27T06:39:53.157.
www.woodrealestategroup.com/homes/123290161
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501 NW 6th Street Mineral Wells, TX 76067

  • Price: $775,000
  • Status: Active
  • On Site: 73 Days
  • MLS #: 14710347
15
Beds
14
Baths
0
½ Baths
0.27
Acres
Neighborhood:
Wiggins Add
County:
Palo Pinto
Area:
Mineral Wells
Elementary School:
Houston
Middle School:
Mineralwel
High School:
Mineralwel
School District:
Mineral Wells ISD
Property Description
Investment opportunity! 7 units walking distance to The Baker & Crazy Hotels. With the plans for Mineral Wells to be the Branson of TX this could be a short term rental cash cow! Currently 4 units have all new plumbing, electric, flooring, kitchens, baths, everything new. All 7 have new windows. HVAC's have been serviced & all in good working order. Separate meters for water & electric. Four units are complete, one unit was left as a 3 bed 2 bath. 2 of the units are leased @ $1200. This price is if sold as is with 4 units completed. Most of the finish out materials are there for the other 3 units. They are U shape & could be a really cool courtyard. We are planning for $8700 in rents. Map takes you to NE 6th.
Exterior Features

Construction Brick Foundation Pier & Beam Parking Or Garage Open Parking Spaces 14 Pool On Property No Roof Composition

Interior Features

Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Cable Tv AvailableDecorative LightingPaneling Kitchen Equipment Water Line To Refrigerator Sq Ft Building 8787

Property Features

Building Area Source Tax Buildings 1 Complex Name Gables Construction Status Preowned Gross Annual Expenses 32000 Gross Annual Income 104400 HOA None Insurance Expense 5200 Municipal Utility District No Net Annual Income 72400 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unit Count 2 Utilities City SewerCity Water Will Subdivide Yes

Listing information © 2022 North Texas Real Estate Information System.


© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Wood Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Wood Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-01-27T06:39:53.157.
 
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Wood Real Estate Group
2341 Dueling Oaks Drive, Ste #100
Tyler TX, 75703
Offered by Sherry Patterson of Aspire Investments Llc.