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22783810
22783830

1304 Co Rd 115, Gainesville, TX 76240 For Sale

MS
TX 0487385, OK 203861 (+1)
Tierra Real Estate
Listed by Tierra Real Estate
$2,450,000
470 days on market
Updated 152 days ago

Kilgore Quads

Details
Property Type Land, Mixed Use (+2)
Sub Type Single Family Rental Portfolio
Square Footage 16,242
Net Rentable (SqFt) 16,242
Units 12
NOI $16,400
Occupancy 100%
Tenancy Multi
Lease Type Net
Price per SqFt $189
Price Per Acre $25,000
Broker Co-Op Yes
Acreage 5.000
Parking Spaces 2 per unit
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Multifamily Development Opportunity on 40 Acres

Marketing description

Prime Investment Opportunity – Three Custom-Built Quadplexes on 5 Acres Seize this rare investment opportunity featuring three custom-built quadplexes designed for quality and efficiency. Each unit boasts wide plank tile flooring, granite countertops, a full appliance package, and spray foam insulation for energy efficiency. Nestled in a tranquil, rolling landscape under a canopy of mature trees, this property offers both privacy and scenic beauty. Beyond the quadplexes, 5 acres of prime land provide endless possibilities for future development, including residential lots, RV parking, or other ventures. Enjoy breathtaking hilltop views and the convenience of being less than a mile from Callisburg High School. Whether you’re looking to expand a rental portfolio or develop a thriving community, this property is a versatile and lucrative opportunity in a rapidly growing area. Don’t miss out—schedule a viewing today! An additional 35.4 acres available for $3,450,000 (totaling 40.4 acres)

Investment highlights

  • Custom designed and constructed quadplexes

  • Energy efficient with spray foam insulation

  • Stainless steel appliance package, refrigerator, washer and dryer in each unit

  • Granite chef kitchen

  • Each quadplex has its own electric meter - Callisburg water

  • Ample parking

  • Callisburg ISD

  • Approx 36 acres of land for future development

  • Hilltop building sits

  • No restrictions so you cld build barndos, custom homes, RV Resort, Etc

  • 12 Doors

  • All units are 2 bedroom 2 bath

  • 11 units lease for $1350 per month (water included)

  • 1 furnished unit leases for $1550 (water included)

Listing Contacts

MS
TX 0487385, OK 203861 (+1)
Tierra Real Estate
Listed by Tierra Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$16,400.00
$1,366.67/mo

Valuation Metrics

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DSCR
0.67%
Cap Rate
0.67%
ROI

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