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20333 Fm 2493 Bullard, TX 75757

For Sale
$1,350,000

Six-unit income property, 1.5 acres

Property size:
9,679 SF

Description

Added:
Dec 11, 2024
Days on Market:
364
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 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

HighLights

  • 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.
  • 1,036 sq ft triplex, 2/2, built in 2022, featuring granite countertops, farmhouse sink, covered patios, and aerobic sprinkler system.
  • All units boast upgraded appliances (including washer/dryer), private fenced backyards, and new septic systems. Concrete parking slab with two spots per unit.
  • 1,000 sq ft metal storage building with two commercial‑grade doors, plumbed for a bathroom; suitable for storage, office space, or additional rental. Ample common area. 100% occupancy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Spa & Massage Hair Salon Gym & Fitness Wholesale Shop Skin Care Clinic Kitchen & Bath Electronics Store Electrical Service Storage Facility Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bullard
County
Smith
State
Texas
Longitude
-95.3442204
Latitude
32.1844172

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.
More about this property
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