Remodeled
4035 Cr 149, Flint, TX 75762
For Sale
New
Contact for pricing
The duplex contains two residential units within a 1,050-square-foot building.
Property Size1,050 SF
Price / SF$1.33
Days on Market2
Property Features for 4035 Cr 149
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Waller Realty
Listed By:
Brad Newberry · License TX #0526613
(903) 780-8015
Source:
Newberryre
Added: Nov 12
Last Checked: Nov 12 at 2:32PM
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 Waller Realty
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Investment Insights
Based on property information with market context.
This 1,050-square-foot duplex in Flint was built in 1982 and has undergone a complete remodel. New appliances are included in the renovated property.
The property is associated with Whitehouse schools.
The property is associated with Whitehouse schools.
Key Highlights
- Two‑unit duplex
- 1,050 square feet
- Built in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,883
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,660
$157.7K
Cap Rate 7%
$112,614
$112.6K
Cap Rate 9%
$87,589
$87.6K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$15.8K $15.00/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$14.3K $13.65/SF
− OpEx
−$6.4K −$6.14/SF
NOI
$7.9K $7.51/SF
Area
Smith County, TX
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,660
Cap Rate 7%
$112,614
Cap Rate 9%
$87,589
Alternative Uses
Best Use
Apartment 5plus
$112.6K
$98.5K – $131.4K
NOI $7,883 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$269.0K
$235.4K – $313.8K
NOI $18,830 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
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Business Placement
Demographics for 75762, TX
13,923
Population
6,052
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
97%
High-School Grad
44.7 sq mi
ZIP Area
311
Density / Sq Mi
$91,429
Median Household Income
$47,587
Median Earnings
$1,201
Median Rent
$283,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Smith County, TX
Properties on Market for Multifamily properties in Smith County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The duplex contains two residential units within a 1,050-square-foot building.
Where is this multifamily property located?
The property is located at 4035 Cr 149 Flint, TX.
What are key features of this property?
This property features: Two‑unit duplex; 1,050 square feet; Built in 1982
