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34315192
34315193

412 West Franklin Street, Alvord, TX 76225 For Sale

TG
TX 0496389
CENTURY 21 Judge Fite Company
Listed by CENTURY 21 Judge Fite Company
$590,000
8 days on market
Updated 2 days ago

412 West Franklin Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,395
Units 3
Cap Rate 5.57%
Tenancy Multi
Class B
Year Built 2019
Buildings 1
Acreage 0.220
Zoning Residential
Investment Type Stabilized

66% Leased

Marketing description

Here is an investment opportunity in the city of Alvord, Texas. Built in 2019, this triplex offers modern construction, durable exterior features, and strong long-term rental appeal for investors seeking to expand or stabilize their portfolio. Each unit features approximately 1,224 square feet of living space with three bedrooms and two full bathrooms, creating an attractive option for families, workforce housing, or long-term tenants seeking comfort and convenience. The thoughtfully designed floor plans include spacious living areas, separate kitchen nooks for dining, and electricrange appliances in each unit. Electric washer and dryer connections provide added convenience for tenants while reducing maintenance concerns often associated with shared laundry facilities. Each residence is also equipped with individual HVAC systems, allowing tenants to control their own comfort while helping owners manage utility efficiency more effectively. A durable metal roof enhances the property’s exterior appeal while potentially contributing to lower long-term maintenance costs and extended roof life compared to many traditional roofing materials. Additional storage space adds practical value for residents and increases the property’s marketability in a competitive rental environment. The property’s newer construction age may provide advantages related to reduced deferred maintenance compared to older multifamily assets, making this an appealing option for both seasoned and first-time investors. Located in Alvord, this property benefits from the appeal of small-town Texas living while maintaining access to larger North Texas employment and growth corridors. The combination of modern construction, desirable unit sizes, and functional amenities positions this property as a strong income-producing asset with long-term upside potential.

Investment highlights

  • Built in 2019 with modern construction
  • Triplex featuring three spacious 3-bedroom, 2-bath units
  • Approximately 1,224 SF per unit
  • Individual HVAC systems for each residence
  • Private washer and dryer connections
  • Durable, low-maintenance metal roof
  • Additional storage for tenant convenience
  • Strong appeal for long-term tenants and workforce housing
  • Located in the growing community of Alvord with convenient access to major North Texas employment corridors
  • Excellent opportunity for stable cash flow and long-term appreciation potential

Whether you're seeking a turnkey addition to an existing portfolio or your first multifamily investment, this property offers the ideal combination of modern construction, tenant-friendly amenities, and long-term income potential.

2 of the three units are currently occupied. Investor(s) are responsible for verifying square footage details. NOTE: The seller is NOT accepting Seller/Owner finance offers.

Listing Contacts

TG
TX 0496389
CENTURY 21 Judge Fite Company
Listed by CENTURY 21 Judge Fite Company

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Additional Information

Name
Thomas Gibson
License
0496389
Brokerage
Century 21 Judge Fite Company
Title
Real Estate Agent
Brokerage Address
1560 South Farm to Market 51
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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