NOT LISTED FOR SALE

118 Donley St Tolar, TX 76476

Estimated Value: $343,509 - $380,000

6 Beds
3 Baths
-- Sq Ft
0.31 Acres Lot

Sale Details

Date Sold: April 8, 2025

Current estimated payment $2,412 / mo

6 Days on Market

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • Walk-In Closet
  • Tolar Junior High School Rated A-
  • Interior Lot
  • Tile Flooring

About This Home

As of April 2025

**MULTIPLE OFFERS! Highest and best due by 5pm on March 11.** Fully rented triplex in prime location listed below the county tax assessed value. This income-producing triplex is a fantastic opportunity for investors seeking steady cash flow. Each of the three units features 2 bedrooms and 1 bathroom, offering comfortable living spaces that attract long-term tenants. All units are currently rented, providing immediate rental income. The property is situated in a desirable location, close to shopping, dining, and major highways for easy access. Whether you're looking to expand your investment portfolio or start your journey in real estate investing, this triplex is a turnkey opportunity you don’t want to miss! Schedule a showing today to add this rental property to your portfolio! Owner's expenses and net income available upon request.

Last Agent to Sell the Property

Kisten Jackson

Keller Williams Brazos West Brokerage Phone: 940-782-9126 License #0694162 Listed on: 03/05/2025

Keller Williams Brazos West

Last Buyer's Agent

Levi Adler

Keller Williams Heritage West License #0657606

Keller Williams Heritage West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 13,504 Sq Ft Lot
  • Wood Fence
  • Interior Lot
  • Back Yard

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Stone Siding
  • Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Driveway
  • Additional Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Tolar Elementary And Middle School
  • Tolar High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Units
  • 3,366 Sq Ft Building
  • Tolar Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 6
  • Assessor Parcel Number R000039323
  • $6,093 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 39600
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 105.46643
  • Attribution Contact: 940-782-9126
  • Special Features: None
  • Year Built: 2007

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Range

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Back Yard, Wood
  • Roof: Composition
  • Construction Materials: Rock/Stone, Siding
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Carport Spaces: 6
  • Total Covered Spaces: 6
  • Number Of Parking Spaces: 6
  • Parking Features: Additional Parking, Carport, Covered, Driveway
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: Alley, Asphalt, City Sewer, City Water, Electricity Connected

Condo/Co-op/Association

  • Complex Name: Donley
  • Association Type: None

Schools

  • School District: Tolar ISD
  • Elementary School: Tolar

Lot Info

  • Lot Features: Interior Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.3100
  • Parcel Number: R000039323
  • Lot Size Acres: 0.3100
  • Lot Size Sq Ft: 13503.6000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2007
  • Units Total: 3
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 11111.00
  • Gross Annual Income: 39600.00
  • Insurance Expense: 11111
  • Tenancy: Over 9 Months
  • Unit Count: 3

Tax Info

  • Unexempt Taxes: 6093
  • Special Taxing Entities: No
  • TaxBlock: 6
  • Tax Lot: 1

MLS Schools

  • Middle School Name: Tolar
  • Elementary School Name: Tolar
  • High School Name: Tolar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2023
Sold by
Anco Llc
Bought by
Horrocks Trent and Horrocks Amy
Current Estimated Value
$358,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$202,372
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Estimated Equity
$155,755

Purchase Details

Closed on
Mar 31, 2000
Sold by
Warlick James and Warlick Dora
Bought by
Davis Davis T and Davis Annette

Purchase Details

Closed on
Jun 19, 1998
Bought by
Davis Davis T and Davis Annette

Purchase Details

Closed on
Sep 4, 1996
Sold by
Vanzandt James Emery % Carey
Bought by
Davis Davis T and Davis Annette

Purchase Details

Closed on
Aug 28, 1989
Sold by
Vanzandt James Emery
Bought by
Davis Davis T and Davis Annette
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Horrocks Trent -- Maverick Title
Davis Davis T -- --
Davis Davis T -- --
Davis Davis T -- --
Davis Davis T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horrocks Trent $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2025 04/08/25 Sold -- -- --
03/12/2025 03/12/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $345,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,325 $377,460 $25,000 $352,460
2024 $6,157 $363,580 $25,000 $338,580
2023 $6,308 $357,480 $15,000 $342,480
2022 $6,488 $338,400 $30,000 $308,400
2021 $5,240 $244,420 $15,000 $229,420
2020 $5,397 $246,910 $15,000 $231,910
2019 $5,654 $242,270 $15,000 $227,270
2018 $4,659 $199,640 $15,000 $184,640
2017 $4,767 $203,610 $15,000 $188,610
2016 $4,767 $203,610 $15,000 $188,610
2015 $4,682 $198,200 $15,000 $183,200
2014 $4,682 $198,200 $15,000 $183,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20849746

North Texas Real Estate Information Systems (NTREIS)

APN: R000039323

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