905-909 Shepherd St, Morgan, TX 76671

Property Details for 905-909 Shepherd St

Year built

2000

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of six rental units situated across three duplex buildings in Morgan, Texas. The property, located at 905-909 Shepherd St, boasts a total asking price of $675,000, translating to an attractive price per unit of $112,500. Constructed in 2000, these well-maintained buildings offer a strong rental history, providing immediate cash flow for the new owner. The property's strategic location in Morgan, Texas, contributes to its appeal. Beyond the existing six units, a significant advantage lies in the ample available land. This expansive lot presents a substantial opportunity for future development, allowing for the construction of an additional ten or more units. This expansion potential significantly enhances the property's overall cap rate and maximizes the long-term investment return. The property is ideally suited for both seasoned investors seeking to expand their portfolio and those looking to enter the multifamily market. This is a rare chance to acquire a well-established, income-producing asset with considerable upside potential in a growing market. The property's solid foundation and expansion possibilities make it an exceptional investment opportunity. The zip code is 76671, and the property is located in Bosque County.

Location Insight

City

Morgan

County

Bosque

State

Texas

Longitude

-97.6059

Latitude

32.0159