About 11638 Sam Reynolds Road
Portfolio of nine income-producing properties located within 15 miles of each other centrally situated in Justin (3), Ponder (2) and Rhome (4). All homes in the portfolio are 100% occupied by long-term tenants and it generates a gross annual income of $155,520! All homes sit on 1+ acre lots and have been well maintained making these highly desirable rental units for any investor. This turn-key portfolio is an instant cash-flow opportunity situated in the high growth area of Alliance straddling Denton and Tarrant counties. Alliance is one of the nation's premier business parks, offering a variety of work environments, including office, industrial, flex and retail. All information provided is deemed reliable, but is not guaranteed and should be independently verified. Please be aware, tenants were not disturbed to obtain accurate room dimensions. PNL numbers are a 3yr average.
Features of 11638 Sam Reynolds Road
| MLS® # | 20321553 |
|---|---|
| Price | $2,100,000 |
| Units | 9 |
| Building Area Total | 2,016 |
| Acres | 1.00 |
| Year Built | 1993 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 11638 Sam Reynolds Road |
|---|---|
| Subdivision | Sunflower Meadows |
| City | Justin |
| County | Denton |
| State | TX |
| Zip Code | 76247-7786 |
Amenities
| Utilities | Other, Septic |
|---|---|
| Garages | Other, Outside |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Electric |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Other |
| Foundation | Other |
School Information
| District | Northwest ISD |
|---|---|
| Elementary | Hatfield |
| Middle | Pike |
| High | Northwest |
Additional Information
| Net Operation Income | $139,196 |
|---|---|
| Gross Annual Income | $155,520 |
| Gross Annual Expenses | $16,324 |
| Insurance Expense | $5,717 |
| CapitalizationRate | 6.63 |
Unit 1 Details
| Type | 4 Bedroom Or More |
|---|---|
| Full Baths | 3 |
| Rent | $1,345 |
Unit 2 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 2 |
| Rent | $1,600 |
Unit 3 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 2 |
| Rent | $1,295 |
Unit 4 Details
| Type | 4 Bedroom Or More |
|---|---|
| Full Baths | 2 |
| Rent | $1,800 |
Unit 5 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 2 |
| Rent | $1,475 |
Unit 6 Details
| Type | 2 Bedroom |
|---|---|
| Full Baths | 2 |
| Rent | $1,200 |
Unit 7 Details
| Type | 4 Bedroom Or More |
|---|---|
| Full Baths | 3 |
| Rent | $1,350 |
Unit 8 Details
| Type | 4 Bedroom Or More |
|---|---|
| Full Baths | 3 |
| Rent | $1,295 |
Unit 9 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 2 |
| Rent | $1,600 |
Listing Details
| Agent | Bernardo Vallarino |
|---|---|
| Office | Keller Williams Realty |