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    114 Ash St Paradise, TX 76073

    For Sale
    $2,000,000

    Apartment - Paradise, TX

    Type:Apartment
    Property size:
    9,999 SF
    Lot size:
    1.58 Acres
    Days on Market:
    70
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 114 Ash St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    20
    Bathrooms
    19
    APN
    770803
    Parking
    16
    Parking features
    Assigned, Carport, Covered, Driveway, Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rain Gutters, Other, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    9,999 SF
    Lot size
    1.58 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2020
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic, Vinyl
    Building materials
    Board & Batten Siding, Fiber Cement
    Roof type
    Composition
    Architectural style
    Other

    Buy Wise Real Estate (940) 399-3900

    Listing agent Shari Guess (940) 399-3900 License #0562364

    Listing date Sep 29, 2025

    MLS# 21071514 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Rental Property Portfolio in Paradise

    This is an entire rental property portfolio offered for sale on Ash Street in Paradise, Texas, featuring mostly new and updated properties with near full occupancy. The portfolio consists of five separate structures: a duplex with two units each featuring two bedrooms and two bathrooms with two-car parking, two townhomes each featuring three bedrooms, two bathrooms, elegant finishes, privacy-fenced backyards, and two-car garages, with one of the townhome units also featuring extra half baths in each unit. Additionally, there is a single-family residence with one bedroom and one bathroom, and a single-family residence with three bedrooms and two bathrooms currently under full renovation, taken down to the studs with much new. The property is ready for drywall. The properties include granite countertops, hardwood and tile finishes, large walk-in closets, and elegant lighting and fixtures. Paradise is one of Wise County's fastest-growing towns with sought-after A-Rated schools. The portfolio has a cash flow and cap rate. The total lot size is 1.58 acres. An option exists for an additional single-family residence and 1.959 acres plus or minus directly across the street. Plans already exist for multiple quadplexes in this location, or a new owner can build to suit. The seller is a builder and developer and willing to bid or build anything a new owner desires. This is a wonderful opportunity with potential for growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Wise
    State
    Texas
    Longitude
    -97.687744
    Latitude
    33.154983

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    FAQs

    What type of property is this?
    Apartment building - Rental property portfolio with near full occupancy in Paradise, Texas.
    Where is this apartment building located?
    The property is located at 114 Ash St Paradise, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Entire rental property portfolio with near full occupancy, providing immediate cash flow and an alluring cap rate.; - Mostly new and updated properties built in 2020, minimizing immediate maintenance concerns.; - Located in Paradise, Texas, a fast-growing town in Wise County with A-Rated schools.
    (940) 399-3900
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    114 Ash St Paradise, TX 76073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Ash St Paradise, TX 76073
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