20337 Fm 2493, Bullard, TX 75757
Five-unit multifamily property on one acre in Bullard, Texas.
- Added:
- Aug 30, 2023
- Days on Market:
- 1043
- Last Refresh:
- Jul 4 at 1:12 pm
Property Features for 20337 Fm 2493
General Information
- Standard status
- Active
- Size
- 5,542 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2021
Listing office Platinum Realty Group Tyler LLC (903) 253-5444
Listing date Aug 30, 2023
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Platinum Realty Group Tyler LLC
HighLights
- Multi‑family property (Duplex & Triplex) in a sought‑after East Texas town.
- 100% occupancy rate.
- Unit 20337 (Duplex) completely renovated May 2025.
- Triplex built in 2022.
- Upgraded appliances (including washer & dryer) in all units.
- Individual privacy fences for each unit.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.8k | $13.50 |
| − Vacancy | −$6.4k | −$1.15 |
| EGI | $68.4k | $12.35 |
| − OpEx | −$20.5k | −$3.70 |
| NOI | $47.9k | $8.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bullard
- County
- Smith
- State
- Texas
- Longitude
- -95.34464
- Latitude
- 32.18438
