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    1702 Bois D'arc St Commerce, TX 75428

    For Sale
    $399,999

    Eight-unit apartment complex, excellent investment.

    Property size:
    3,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents an eight-unit apartment building ideally situated in Commerce, Texas, at 1702 Bois D'Arc St, 75428. The property boasts a total of 3,936 square feet across two, two-story buildings situated on an 11,440 square foot lot. Constructed in 1961, this multifamily property offers eight individual units, each featuring one bedroom and one bathroom. The asking price is $399,999, translating to $101.63 per square foot and approximately $50,000 per unit. Its prime location offers convenient access to major highways and essential amenities, including grocery stores and gas stations. The property benefits from its proximity to Texas A&M University-Commerce, ensuring a consistent tenant pool. Furthermore, its location provides easy access to larger metropolitan areas, with Plano approximately an hour away and Dallas less than two hours away, presenting significant growth potential. Seller financing is available with no credit check required. This property represents a compelling investment opportunity for those seeking a strong return on investment in a desirable location.

    Property Features for 1702 Bois D'arc St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,936 SF

    Building Details

    Year Built
    1961
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • Eight‑unit apartment building in Commerce, TX, at 1702 Bois D'Arc St.
    • 3,936 square feet on an 11,440 square foot lot; two two‑story buildings.
    • Eight 1 bed/1 bath units.
    • Asking price: $399,999 ($101.63/SF, ~$50,000/unit).
    • Convenient location near Texas A&M University‑Commerce, major highways, and amenities.
    • Seller financing available, no credit check required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Commerce
    County
    Hunt
    State
    Texas
    Longitude
    -95.9057277
    Latitude
    33.2455939

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit apartment complex, excellent investment.
    Where is this multifamily property located?
    The property is located at 1702 Bois D'arc St Commerce, TX.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Eight-unit apartment building in Commerce, TX, at 1702 Bois D'Arc St.; 3,936 square feet on an 11,440 square foot lot; two two-story buildings.; Eight 1 bed/1 bath units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1702 Bois D'arc St Commerce, TX 75428
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