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29253384
29253396

20337 FM2493, Bullard, TX 75757

LT
TX 725509
$820,000
139 days on market
Updated 72 days ago

5 Units in Bullard

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 5,542
Net Rentable (SqFt) 5,542
Units 5
Cap Rate 6.42%
NOI $52,650
Occupancy 100%
Price per SqFt $148
Broker Co-Op Yes
Class A
Year Built 2021, 2001
Year Renovated 2025
Buildings 2
Stories 1
Acreage 1.000
Parking Spaces 10 per unit
Ground Lease No
Sale Condition For sale by owner

Triplex built in 2021- 1 duplex side completely renovated in 2025

Marketing description

5 DOORS! Looking for the perfect multi-family property in one of the most sought-after towns in East Texas? LOOK NO FURTHER! Situated on 1 acre, this property has so much to offer. Duplex- 3/2, 1275sqft with covered parking for tenants/ Unit 20337 completely renovated May 2025! Triplex- 2/2, 1,036sqft and built in 2022. Beautiful floorplan, granite, farmhouse sink, covered front and back patio, aerobic sprinkler in back and front yard. ALL units have upgraded appliances including washer & dryer, individual privacy fence in backyard, and brand-new septic tanks with lines. Concrete parking slab with 2 spots per unit. Covered parking for duplex. Lots of common space area for tenants to enjoy. Property is 100% occupied at all times.

Investment highlights

FM 2493 being converted into 4 lanes

100% occupancy

Location

Excellent school district

Renovated

Appliances Included

Long term tenants

Brand new septic

Individual privacy fence for every unit

Listing Contacts

LT
TX 725509

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,650.00
$4,387.50/mo

Valuation Metrics

0
DSCR
6.42%
Cap Rate
6.42%
ROI

Map

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Additional Information

Name
Lacy Turner
License
725509
Brokerage
Platinum Realty Group
Brokerage Phone
903-710-2076
Title
Owner
Brokerage Address
17433 FM 2493
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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