About 11722 Fm 16
Rare luxury investment property opportunity in Lindale! Fourplex with multiple investment strategies already in play. 2 bedrooms and 2.5 baths per unit including full upscale kitchen, laundry area, open concept living and level 2 Tesla chargers in all units! 2 units currently used as Mid-term rentals, 1 unit as Short-term and 1 unit as Long-term. Maximum rental potential already achieved and all you have to do is continue the plan! 3 units are fully furnished including all appliances and everything needed to continue the current strategy will convey! Come see this exceptional opportunity in one of the highest rated school districts in East Texas which equates to AWESOME rent rates and LOW VACANCIES. Call today to schedule a tour!
Features of 11722 Fm 16
| MLS® # | 24016948 |
|---|---|
| Price | $899,900 |
| Square Footage | 5,776 |
| Square Footage | SCAD |
| Acres | 1.00 |
| Year Built | 2023 |
| Type | MULTI-FAMILY |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 11722 Fm 16 |
|---|---|
| Subdivision | Allegretto Estates |
| City | Lindale |
| County | Smith |
| State | TX |
| Zip Code | 75771 |
Amenities
| Utilities | Individual Water Meters, Individual Electric Meter |
|---|---|
| Features | Taxes, Insurance, Maintenance Repairs, Lawn Care |
| Parking | 1 Or More Per Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Ceramic Tile, Vinyl |
|---|---|
| Appliances | Range/Oven-Electric, Dishwasher, Microwave, Refrigerator |
| Heating | Central Electric |
| Cooling | Central Electric |
| Fireplace | No |
| Fireplaces | None |
| Stories | 2 Stories |
| Has Basement | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick Veneer, Siding |
| Foundation | Slab |
School Information
| Elementary | Lindale |
|---|---|
| Middle | Lindale |
| High | Lindale |
Additional Information
| Date Listed | November 30th, -0001 |
|---|---|
| Days on Market | 49 |
| Zoning | Multi Fam Dwelling 2 ½ St |
| Foreclosure | No |
Listing Details
| Agent | Derek Harris |
|---|---|
| Office | Leslie Cain Realty, LLC |