$120,000
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2 Beds
2 Baths
4,486 Sqft Lot
SOLD DATE : 10/10/2023
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ot Cisco
MLS Listing ID 20362227
Sold Date 10/10/23
Bedrooms 2
Full Baths 2
HOA Y/N None
Total Fin. Sqft 812
Year Built 2005
Annual Tax Amount $642
Lot Size 4,486 Sqft
Acres 0.103
Property Description
Introducing 2 impeccably maintained & income-producing tiny homes nestled in the charming town of Cisco, TX. These properties offer an excellent investment opportunity with a cap rate approaching 8% & the potential for even higher returns. With their small footprint, these homes are incredibly easy to maintain, making them an ideal choice for savvy investors seeking hassle-free ownership. Unit 300 is a 392 sf cabin built in 2016 by Lelands in Stephenville. This 1 bed, 1 bath open concept home is turnkey and move in ready. Currently vacant, this tiny home is ready for new owner to set rent rate which averages $700 per month. Unit 300 B has a tenant that is month to month at a rate of $675 per mo & tenant has lived there for several years. Built in 2013, this 420 sf unit offers a nice open concept floorplan with loft bedroom, full kitchen & bath. Until owner decided to sell, occupancy has consistently stayed at 100% with reliable, long-term tenants. See Transaction Desk for more details.
Location
State TX
County Eastland
Direction GPS Friendly
Interior
Interior Features High Speed Internet Available, Loft, Open Floorplan, Vaulted Ceiling(s)
Heating Electric, Floor Furnance, Wall Furnace
Cooling Ceiling Fan(s), Wall Unit(s), Wall/Window Unit(s)
Flooring Ceramic Tile, Laminate, Vinyl
Appliance Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
Heat Source Electric, Floor Furnance, Wall Furnace
Exterior
Fence Back Yard, Chain Link, Fenced, Front Yard, Privacy
Utilities Available City Sewer, City Water, Sidewalk
Roof Type Metal
Garage No
Building
Lot Description Corner Lot, Few Trees
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Wood
Schools
Elementary Schools Cisco
High Schools Cisco
School District Cisco Isd
Others
Ownership Of Record
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
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Bought with Laine Johnson • CAPSTONE REAL ESTATE