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2501 / 2503 Magnolia Rd

Texarkana, TX 75503
  • $144,900
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 20225651
UPDATED: 80 min ago
$144,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Perfect investment opportunity or a flippers dream in a great location! Own a duplex with 2 bed and 1 bath on one side, and 1 bed, 1 bath on the other side. Some new flooring and basic updates to one side. Could use a little TLC but currently stays rented year round. one side rents for $650 a month, the other side rents for $550 a month, operating with a 7.5% CAP rate! Tenant occupied, need 24 hour notice to see. Buyer to verify all information. Build year unknown, exact sq footage unknown. Current renters are month to month. Continue renting for instant income or flip for a beautiful duplex to sell! Next to Highland Park Elementary School and just down the road from the arts and historical district. Already Surveyed. Owner has never lived in this property. Buyer to verify all information. Owner has 2 other rental properties in the same area, willing to do a package deal on all three.

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© 2022 Longview Area Association of Realtors, Inc. 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 Better Homes and Gardens Real Estate Infinity. Data last updated: 2022-10-06T07:22:22.187.
www.sellingtexarkana.com/homes/132962276
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2501 / 2503 Magnolia Rd Texarkana, TX 75503

  • Price: $144,900
  • Status: Active
  • On Site: 26 Days
  • Updated: 80 min ago
  • MLS #: 20225651
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Texarkana Isd
County:
Bowie
Area:
Texarkana Isd
Property Description
Perfect investment opportunity or a flippers dream in a great location! Own a duplex with 2 bed and 1 bath on one side, and 1 bed, 1 bath on the other side. Some new flooring and basic updates to one side. Could use a little TLC but currently stays rented year round. one side rents for $650 a month, the other side rents for $550 a month, operating with a 7.5% CAP rate! Tenant occupied, need 24 hour notice to see. Buyer to verify all information. Build year unknown, exact sq footage unknown. Current renters are month to month. Continue renting for instant income or flip for a beautiful duplex to sell! Next to Highland Park Elementary School and just down the road from the arts and historical district. Already Surveyed. Owner has never lived in this property. Buyer to verify all information. Owner has 2 other rental properties in the same area, willing to do a package deal on all three.
Exterior Features

Garage Type None Lot Features Corner Roof Composite Streets Paved

Interior Features

Cooling CentralElectricWindow Units Foundation Style Pier And Beam

Property Features

Effective Age Unknown Foreclosure Or Bank Owned No Multifamily Type Duplex Possession At Closing Sale Or Rent For Sale Subdivision Name Allen Edition Subdivision YN Yes Taxes 647.06 Water Sewer City Water Will Sell CashConventional

Listing provided courtesy of Texas Real Estate Executives, The Daniels Group - Gilmer: 903-680-4663.


© 2022 Longview Area Association of Realtors, Inc. 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 Better Homes and Gardens Real Estate Infinity. Data last updated: 2022-10-06T07:22:22.187.
 
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Better Homes and Gardens Real Estate Infinity
4602 McKnight Rd.
Texarkana TX, 75503