409 E. College St., Terrell, TX 75160 - 20852104 - iPro Real Estate

409 E. College St.
Terrell, TX 75160

Active, Multi-Family/Income Sale

New Listing
For Sale

$339,900 $51.68 per sqft

Free Professional CMA

Listing ID : 20852104

  • Beds

    4
  • Baths

    2/2
  • Lot Size

    0.1510 Acre
  • Year

    1984

Description

Two story duplex. Each unit has 2 bedrooms upstairs, one full restroom upstairs, one half bath downstairs. Large living, nice kitchen. Covered back patio with fenced yard. Open parking. Owner pays water. Owner finance is preferred. Owner will finance to qualified buyer. The preferred downpayment is 20%. The expected interest rate is between 7-10%. The note will be amortized over a 30 year term but a balloon payment will be due in 60 months. Current rent is $1,300 per side. Unit A has a new 12 month lease. Unit B is month to month but has been in the unit for many years.

Details

Type: Multi-Family/Income Sale 
Subdivision: Terrell Original 
County: Kaufman 
HOA Name: None 
Tax ID: 40167
Annual Taxes: $5,171
School District: Terrell ISD
Elementary: Long 
Middle: Furlough 
High: Terrell 
Cap Rate: 5.88% 
Days on Market: 1 
Flooring: Carpet, Luxury Vinyl Plank 
Foundation: Slab 
Heating: Central, Electric 
Interior Features: Cable TV Available, High Speed Internet Available 
Number of Buildings: 1 
Parking Spaces: 4 
Property Type: Commercial Sale 
Roof: Asphalt 
Sub Type: Duplex 
Utilities: Cable Available, City Sewer, City Water, Curbs, Overhead Utilities 

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32.738998 -96.272675 $339,900 20852104
409 E. College St., Terrell, TX 75160
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Listed by Matthew Malone with Malone and Associates RE 972-564-8800

Based on information from the North Texas Real Estate Information Systems, Inc., 2/25/2025.