New
For Sale
$199,900
701 W Hull Street, Denison, TX 75020
One side has a tenant, while the other is vacant.
Property Size1,274 SF
Days on Market3
Property Features for 701 W Hull Street
General Information
Standard status
Active
Size
1,274 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,727
Building Details
Building Size
1,274 SF
Year Built
1956
Tenancy
Single
Listing Agency:
Favored Realty
Listed By:
Heather McCallister · License #0654061
(903) 224-5171
Source:
Texasliferealestate
Added: Oct 11
Last Checked: Oct 12 at 11:53PM
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 Favored Realty
Investment Insights
Based on property information with market context.
This 1,274-square-foot duplex was built in 1956. One unit is tenant-occupied, and the other is vacant. The vacant side may be occupied by the buyer; the property is described as FHA-eligible under that condition.
Improvements include roof and siding repairs, fresh paint, new flooring, plumbing fixtures, doors, window air-conditioning units, and kitchen cabinets. Plumbing work and washer and dryer hookups are also among the updates.
Improvements include roof and siding repairs, fresh paint, new flooring, plumbing fixtures, doors, window air-conditioning units, and kitchen cabinets. Plumbing work and washer and dryer hookups are also among the updates.
Key Highlights
- 1,274‑square‑foot duplex built in 1956
- One unit is tenant‑occupied; the other is vacant
- Updates include flooring, kitchen cabinets, plumbing fixtures, doors, and window AC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,766
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,320
$195.3K
Cap Rate 7%
$139,514
$139.5K
Cap Rate 9%
$108,511
$108.5K
Market Conditions
NOI Build-Up for 1,274 SF
Gross rent
$15.7K $12.36/SF
− Vacancy
−$1.8K −$1.41/SF
EGI
$14.0K $10.95/SF
− OpEx
−$4.2K −$3.29/SF
NOI
$9.8K $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%
$195,320
Cap Rate 7%
$139,514
Cap Rate 9%
$108,511
Alternative Uses
Best Use
Multifamily LT 5
$139.5K
$122.1K – $162.8K
NOI $9,766 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$123.7K
$108.2K – $144.3K
NOI $8,657 @ 7.0% cap · market cap 4.33%
Theoretical Best
Hotel Hospitality
$653.6K
$571.9K – $762.5K
NOI $45,749 @ 7.0% cap · market cap 22.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
133
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One side has a tenant, while the other is vacant.
Where is this duplex located?
The property is located at 701 W Hull Street Denison, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,274‑square‑foot duplex built in 1956; One unit is tenant‑occupied; the other is vacant; Updates include flooring, kitchen cabinets, plumbing fixtures, doors, and window AC units
