Remodeled
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 Market96
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.
Listed By:
Bernard Bell · License #0718117
(954) 588-8484
Source:
Texasliferealestate
Added: Jul 30
Changed: Nov 2
Last Checked: Nov 1 at 11:48AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$14,871
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,420
$297.4K
Cap Rate 7%
$212,443
$212.4K
Cap Rate 9%
$165,233
$165.2K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$24.0K $12.36/SF
− Vacancy
−$2.7K −$1.41/SF
EGI
$21.2K $10.95/SF
− OpEx
−$6.4K −$3.29/SF
NOI
$14.9K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,420
Cap Rate 7%
$212,443
Cap Rate 9%
$165,233
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
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Market
Vacancy Rate% for Multifamily in South region
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
