UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Lucas Add
MLS Listing ID 20939965
Bedrooms 8
Full Baths 4
HOA Y/N None
Total Fin. Sqft 3992
Year Built 1996
Annual Tax Amount $6,240
Lot Size 2.207 Acres
Acres 2.207
Property Sub-Type Quadruplex
Property Description
Appraisal completed in fall of 2024 came in at $585,000.
Own a fully occupied, cash flowing 4-plex built in 1996 in great condition. Current lease rates are about 10% under market. One lease is currently month-to-month and the other leases end November 30, 2025, February 28, 2026 and April 30, 2026. This allows rents to be fully to market rate in less than a year. Existing property management is available for 2-years at a 6% monthly management fee. See attached proformas for both current rents and market rents.
Second 4-plex next door is available. See listing for 205 Joyce Street, listing 20939954.
Location
State TX
County Parker
Direction [Google Maps seems to be accurate.] Take 171 (Main Street) north from Hwy 180. Make a right on Lucas and another right on Joyce Street. The 4-plex is the 3rd building on the left.
Interior
Interior Features Built-in Features
Heating Electric
Cooling Central Air, Electric
Flooring Combination
Appliance Dishwasher, Electric Range, Electric Water Heater
Heat Source Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Seguin
Middle Schools Tison
High Schools Weatherford
School District Weatherford Isd
Others
Ownership Peak Construction Group, LLC
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.