$500,000

Apartment In Purdon

  • 6 Beds
  • 6 Baths
  • 1,800 Sqft
  • 36,112 Sqft lot
  • Updated: October 6
  • Source:
    North Texas Real Estate Information Systems (NTREIS)  MLS#21404163

About the Property

Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep
Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth.

Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer’s Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing.
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  • Property type

    Apartment

  • Year built

    1967

  • Price/sqft

    $277

Explore the Area

1210 FM 667, Purdon, Texas, United States View on Google Maps
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Eartha Wang - Frisco

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Eartha Wang - Frisco
Texas, United States
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2026
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Eartha Wang - Frisco
Frisco, Texas, United States
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Last updated
October 6
First listed
October 6
Listing reference
21404163
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