Multi-Family Investment Property

Lot Description

Multi-Family Investment Property For Sale

Turnkey Apartment Complex & Duplex | Stable Cash Flow | Easy Access to Paris TX & Dfw

Property Overview

Unlock a unique opportunity to own a well-maintained, income-producing multi-family property in Northeast, Texas, just minutes from Paris and within an easy drive of the growing Dallas-Fort Worth Metroplex (Dfw). This attractive investment includes a 7-unit apartment complex, a separately metered duplex, and an additional lot - all with strong occupancy history, reliable tenants, and meaningful recent upgrades.

Perfect for investors looking for cash flow real estate in Northeast Texas with convenient access to larger cities and major highways.

Property Highlights

Apartment Complex

- Built in 1982 | Approx. 7,000 sq. ft. | Seven (7) units

- Each unit: 2 Bedrooms / 1.5 Bathrooms

- $75,000+ in upgrades - five units updated with fresh finishes and the entire exterior upgraded with Hardie Board siding

- All but two exterior AC units replaced within the last 10 years

- Shared master water meter with individual shut-offs for each unit; tenant-paid electric

- On-site parking and good curb appeal

- Stable occupancy with opportunity to increase rents on renewals

Duplex

- Built in 1999 | Approx. 925 sq. ft. per side | Two (2) units

- Each unit: 2 Bedrooms / 1 Bathroom

- One side updated: other side occupied by a long-term tenant of 9+ years

- New roof installed in April 2024

- Each unit separately metered for water, trash, and electric

- Reliable tenants and steady income stream

Additional Lot

- Included in the offering - use for parking, outdoor space, or possible future development

Operations Snapshot

- Gpi: $70,000.00 Annually

- Water/Trash: Approx. $450-$500/Month (master meter for apartments; duplex individually metered)

- Taxes: Refer to current Lamar County CAD assessments

- Rent Roll: Strong history of collections with below-market rents on several units - excellent potential to grow cash flow

Proximity to Larger Towns & Dfw

- Minutes from Paris, TX - a regional hub for jobs, shopping, healthcare, and schools

- Quick Access to US Hwy 82 & US Hwy 271 - easy commuter routes for tenants working in Paris or surrounding towns

- Approx. 1.5-2 hours to the Dallas-Fort Worth Metroplex - benefit from metro growth trends and a steady supply of renters seeking affordable small-town housing within driving distance of Dfw

- Close to the North Lamar and Paris Independent School Districts, local parks, employers, and retail options

Investment Highlights

- Solid multi-family unit mix: 7-unit apartment complex plus duplex

- Recent capital improvements: siding, interior unit updates, Hvac systems, and new duplex roof

- Tenant-paid utilities help keep owner expenses lower

- Stable occupancy with long-term tenants and below-market rents built-in value-add upside

- Quiet small-town setting that appeals to local workforce tenants, retirees, and families

- Regional rental market with reliable demand and proven appreciation potential