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Sold 75452 Leonard

101 N Pecan St

Leonard, TX 75452

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Sold

$50,001 - $60,000

Sold on January 12, 2024

7 Bedroom(s)

5 Full Bath(s)

0.16 Lot Acres

Multi-Family - 5 Plus

128 Day(s) on HAR.com

Description

This property is a 5 Unit Apartment Complex in a great part of Leonard Texas. This property is an investor special! The projected after repair value per a formal appraisal conducted in May of 2022, is $420,000. This property is fire damaged and will need significant remodel work. Unit Mix: 3 Units are 1 bed-1bath units at 500sqft each with an average rental rate per comps of $744 per unit as of May 2022. 2 Units are 2 bed-1 bath at 600sqft each with an average rental rate per comps at $908 per unit as of May 2022. The total net rentable area of this complex is 2700sqft. This is a great equity and cashflow opportunity for the investor that wants to take on a large project. Schedule your viewing today! All lots are currently zoned SF2, Single Family 2. If the structure gets torn down, all future structures will have to meet SF2 requirements. This property is not zoned multi-family. It was built before the city zoned the area SF2, so it was grandfathered in and allowed to stay.

MLS#

NTREIS-20341616

Sold Price Range

$50,001 - $60,000

Listing Status

Sold

Address

101 N Pecan St

City

Leonard

State

Zip Code

75452

County

Fannin County

Subdivision

Rockwell Add 02

Legal Description

ROCKWELL ADDN 2, BLOCK 7, LOT 6

Property Type

Multi-Family - 5 Plus

Bedroom

7 Bedroom(s)

Bath

5 Full Bath(s)

Stories

Year Built

1982 / Appraisal District

Lot Size

0.16 Lot Acres./Appraisal District

Property map

Street
view

Get
directions

Spencer McDuffy

eXp Realty LLC

Call

Exterior

Roof

Other

Foundation

Pillar/Post/Pier

Private Pool

Exterior Type

Siding

Parking

Open

Utility

City Sewer, City Water

Interior

Floors

Other

Cooling

None

Heating

None

Appliances

Other

Lot information

Lot Size

0.16 Lot Acres /Appraisal District

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Mortgage

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Months

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Annual Interest Rate Estimated Monthly Principal & Interest

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Monthly Homeowner's Insurance Monthly PMI (Private Mortgage Insurance) Monthly HOA fees

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.