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    299 Brashear Texas 75420 Lone Oak, TX 75453

    For Sale
    $999,000

    Peaceful Country Living, Rental Income Potential

    Property size:
    5,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5,100 sq ft multifamily property in Brashear, Texas, presents a unique investment opportunity. Situated on 52 acres, this Class A property boasts two buildings, each a single-story structure, built in 2003. The main house features an open-plan kitchen with island seating, a wood-burning fireplace in the living room, a primary suite with three closets, dual vanities, an oversized shower, a jacuzzi tub, and a separate water closet. A converted garage provides bonus space, ideal for a formal dining room or additional living area. The property also includes a second primary bedroom with its own full bath. Recent updates include new toilets, fresh paint, updated AC units, ceiling fans, and stained patios. A substantial 60x40 shop, equipped with 220-volt electric, water, and sewer hookups, and featuring 14-foot pass-through doors, offers ample workshop or business space. Additionally, a dedicated RV or small home site includes its own electric, water, and sewer hookups. The property features a new concrete driveway, electric entry gate, and full perimeter and cross fencing. Located just 20 minutes from Emory or Sulphur Springs, this property offers a tranquil setting with significant rental income potential, making it an ideal investment for discerning buyers. The property is not located within city limits. Two units are available, each with its own pad, totaling 5,100 square feet of net rentable space.

    Property Features for 299 Brashear Texas 75420

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,100 SF
    Class
    A
    Lot Size
    2,265,120 SF

    Building Details

    Year Built
    2003
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • $999,000 asking price for this Class A multifamily property.
    • Two units totaling 5,100 square feet on a 52‑acre lot in Brashear, TX.
    • Two buildings, each one story, built in 2003.
    • Includes three pads, ideal for rental income or business operations.
    • Features a 60x40 shop with 220‑amp electrical service, plumbed for water and sewer, and 14‑foot pass‑through doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Lone Oak
    County
    Rains
    State
    Texas
    Longitude
    -95.692194796493
    Latitude
    32.976433660686

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    FAQs

    What type of property is this?
    Multifamily property - Peaceful Country Living, Rental Income Potential
    Where is this multifamily property located?
    The property is located at 299 Brashear Texas 75420 Lone Oak, TX.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price for this Class A multifamily property.; Two units totaling 5,100 square feet on a 52-acre lot in Brashear, TX.; Two buildings, each one story, built in 2003.
    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
    299 Brashear Texas 75420 Lone Oak, TX 75453
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