20333 Fm 2493 Bullard, TX 75757
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Six-unit income property, 1.5 acres
Property size:
9,679 SFProperty Features for 20333 Fm 2493
General Information
- Property type
- Multifamily properties
- Square Feet
- 9,679 SF
- Lot Size
- 65,776 SF
Building Details
- Year Renovated
- 2017
- Buildings
- 4
- Stories
- 1
- Units
- 6
Listing Agent: Lacy Turner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a six-unit multifamily property situated on a spacious 1.5-acre lot in Bullard, Texas. The portfolio comprises four buildings, including a single-family dwelling (1212 sq ft, 2/1, renovated 2017 & currently undergoing upgrades), a duplex (1275 sq ft, 3/2, covered parking), and a triplex (1036 sq ft, 2/2, built in 2022). All units boast upgraded appliances, including washers and dryers, private fenced backyards, and brand-new septic systems. The property also features a 1000 sq ft metal storage building with two commercial-grade doors, offering potential for additional income or storage. The property offers 14 parking spaces and is currently 100% occupied, generating a substantial NOI of $75,815 and a 5.62% cap rate. Built between 1974 and 2022, with renovations completed in 2017 and 2023, this property offers a blend of established income and modern updates. The asking price is $1,350,000, representing $225,000 per unit and $139.48 per square foot. The total net rentable square footage is 9,679. This is a stabilized investment with significant upside potential due to the possibility of converting the single-family dwelling into a three-bedroom, two-bathroom unit, or utilizing the existing commercial zoning for alternative uses. The property is located at 20333 FM2493, Bullard, TX 75757.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- Map
- Local Demand
- City
- Bullard
- County
- Smith
- State
- Texas
- Longitude
- -95.3442204
- Latitude
- 32.1844172
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FAQs
What type of property is this?
Multifamily property - Six-unit income property, 1.5 acres
Where is this multifamily property located?
The property is located at 20333 Fm 2493 Bullard, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six separate income-producing units on a 1.5-acre lot.; 1,212 sq ft single-family dwelling (SFD), currently a 2/1 with formal dining, easily convertible to a 3/2. Already zoned commercial. Renovated in 2017 and currently undergoing upgrades.; 1,275 sq ft duplex, 3/2 with covered parking.
