20333 Farm Market Rd 2493 Bullard, TX 75757
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
