Brick Duplex With Low-Maintenance
621 Franklin Avenue Unit 1 Pottsboro, TX 75076
621 Franklin Avenue Unit 1, Pottsboro, TX, 75076
$279,000
Pending
For Sale
$279,000
Pending
Duplex is fully occupied and features a brick exterior with easy maintenance in central Pottsboro.
Property Size2,416 SF
Days on Market30
Property Features for 621 Franklin Avenue Unit 1
General Information
- Standard status
- Pending
- Size
- 2,416 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1999
Listing agency
Steve Cook & Co, REALTORS
(903) 786-3355
Listed by
Janey Hogenson · License #0549584
(903) 786-3355
Source
Compass
Added: Jun 23 Updated: Jul 21 at 7:20PM Checked: Jul 21 at 7:20PM
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 Steve Cook & Co, REALTORS
Investment Insights
Based on property information with market context.
This duplex offers a brick exterior designed for easy maintenance. The property is fully occupied, providing immediate rental status for buyers seeking an income-producing residential asset.
The location is central to Pottsboro, with a short walk to Pottsboro Park and its playground. The broader area includes a lake community lifestyle, with Lake Texoma reachable by a short drive.
Additional duplex units are available, according to the listing remarks, which may support buyers interested in building a multi-unit residential portfolio.
The location is central to Pottsboro, with a short walk to Pottsboro Park and its playground. The broader area includes a lake community lifestyle, with Lake Texoma reachable by a short drive.
Additional duplex units are available, according to the listing remarks, which may support buyers interested in building a multi-unit residential portfolio.
Key Highlights
- Fully occupied 2‑unit duplex in central Pottsboro
- Brick exterior with easy‑maintenance construction and composition roof
- Built in 1999 (1 story) with brick/mortar foundation details
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 | $29.9k | $12.36 |
| − Vacancy | −$3.4k | −$1.41 |
| EGI | $26.5k | $10.95 |
| − OpEx | −$7.9k | −$3.29 |
| NOI | $18.5k | $7.67 |
2,416 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.6K
$231.5K – $308.7K
NOI $18,520 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,418 @ 7.0% cap · market cap 5.88%
Theoretical Best
Hotel Hospitality
$1.24M
$1.08M – $1.45M
NOI $86,759 @ 7.0% cap · market cap 31.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex is fully occupied and features a brick exterior with easy maintenance in central Pottsboro.
Where is this duplex located?
The property is located at 621 Franklin Avenue Unit 1 Pottsboro, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Fully occupied 2‑unit duplex in central Pottsboro; Brick exterior with easy‑maintenance construction and composition roof; Built in 1999 (1 story) with brick/mortar foundation details
