Remodeled
New
For Sale
$210,000
58 Pershing Drive, Denison, TX 75020
Fully occupied two-unit property with updated finishes and detached garage parking.
Property Size1,940 SF
Days on Market6
Property Features for 58 Pershing Drive
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$24,240
Building Details
Building Size
1,940 SF
Year Built
1945
Buildings
1
Tenancy
Multi
Listing Agency:
OmniKey Realty, LLC.
(931) 703-4746
Listed By:
Mallory Adams · License #0746744
Source:
Texasliferealestate
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 4 at 8:05AM
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 OmniKey Realty, LLC.
Investment Insights
Based on property information with market context.
This remodeled duplex includes two residential units, each offering 2 bedrooms, 1 bathroom, and 970 square feet. Improvements include new paint, luxury vinyl plank wood flooring, granite countertops, marble-look bathroom finishes, new fixtures, and additional updates. Detached garage parking serves the property.
Both units are fully occupied under leases extending into 2027. Unit 100 is leased through July 5, 2027, and Unit 101 is leased through July 31, 2027. Built in 1945, the property is located at 58 Pershing Drive in Denison, Texas.
Both units are fully occupied under leases extending into 2027. Unit 100 is leased through July 5, 2027, and Unit 101 is leased through July 31, 2027. Built in 1945, the property is located at 58 Pershing Drive in Denison, Texas.
Key Highlights
- Two‑unit duplex with 2 bedrooms, 1 bathroom, and 970 square feet per unit
- Remodeled with new paint, luxury vinyl plank flooring, granite countertops, and new fixtures
- Marble‑look bathroom finishes and additional interior updates
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 | $24.0k | $12.36 |
| − Vacancy | −$2.7k | −$1.41 |
| EGI | $21.2k | $10.95 |
| − OpEx | −$6.4k | −$3.29 |
| NOI | $14.9k | $7.67 |
1,940 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.4K
$185.9K – $247.9K
NOI $14,871 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$188.3K
$164.8K – $219.7K
NOI $13,183 @ 7.0% cap · market cap 6.28%
Theoretical Best
Hotel Hospitality
$995.2K
$870.8K – $1.16M
NOI $69,665 @ 7.0% cap · market cap 33.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with updated finishes and detached garage parking.
Where is this duplex located?
The property is located at 58 Pershing Drive Denison, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms, 1 bathroom, and 970 square feet per unit; Remodeled with new paint, luxury vinyl plank flooring, granite countertops, and new fixtures; Marble‑look bathroom finishes and additional interior updates
