11722 Fm 16 Lindale, TX 75771
- Residential income properties
- 1.00 lot acres
Current Use by Public Records
- Residential income properties
Property Details for 11722 Fm 16
- Year built
- 2023
- Lot size
- 1.00 lot acres
- Property type
- Residential income properties
Description
This exceptional investment opportunity presents a fourplex located at 11722 FM 16, Lindale, TX, situated on a one-acre lot. Each of the four units boasts two bedrooms and two and a half bathrooms, featuring upscale kitchens, laundry areas, and open-concept living spaces. A unique feature is the inclusion of Level 2 Tesla chargers in every unit, catering to a growing market demand. The property's current rental strategy maximizes income potential, with two units operating as mid-term rentals, one as a short-term rental, and one as a long-term rental. This diversified approach ensures consistent cash flow. Three units are fully furnished, complete with all appliances, allowing for immediate continuation of the existing rental operations. All furnishings and necessary equipment to maintain the current rental strategy will be included in the sale. The property benefits from its location within one of East Texas' highest-rated school districts, contributing to consistently high rental rates and low vacancy periods. Priced at $899,900, this property offers a rare chance to acquire a lucrative, established rental income stream in a desirable location. The property's current operational model demonstrates a proven track record of success, making it an attractive investment for discerning buyers. The property is ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lindale
- County
- Smith
- State
- Texas
- Longitude
- -95.35806
- Latitude
- 32.52134
