$230,000
$30K PRICE DROP

1495 County Road 4224 Troup, TX 75789

Estimated payment $1,504/month

Total Views 4,285
5 Beds
5 Baths
1,216 Sq Ft
$189 Price per Sq Ft

Highlights

  • Open Floorplan
  • Wood Burning Stove
  • Eat-In Kitchen
  • Troup Elementary School Rated A-
  • 1 Fireplace
  • 1-Story Property

About This Home

Expand your real estate portfolio with this incredible investment opportunity! This property features two well-cared-for manufactured homes, both currently tenant-occupied with long-term rental potential. The front unit is a newer manufactured home with 2 bedrooms and 2 bathrooms, while the backyard unit offers 3 bedrooms and 2 bathrooms, providing ample living space. The sellers have recently added front and back porches, redone the driveway, and installed a privacy fence, enhancing both functionality and curb appeal. Both homes are in great condition, making this a low-maintenance, high-potential addition to your portfolio. With reliable tenants who would love to stay, this is a turnkey investment you won’t want to miss! Don’t wait—secure this income-generating property today!

Listing Agent

Kayla Riggs

Keller Williams Realty Tyler Brokerage Phone: 903-262-4248 License #0718668 Listed on: 04/04/2025

Keller Williams Realty Tyler

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Parking

  • Gravel Driveway

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • 1 Fireplace
  • Wood Burning Stove

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Schools

  • Troup Elementary School
  • Troup High School

Additional Features

  • 0.81 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R151862

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • 1,216 Sq Ft Building
  • Rusk Subdivision

Building Details

  • Gross Income $31,200
  • Net Operating Income $29,400

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

0

Listing Details

  • OWNERNAME: Shelbi T. Bolton, Matthew Bolton
  • Property Type: Residential Income
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 903-262-4248
  • CapRate: 12.78
  • Co List Office Mls Id: MDPP01
  • Special Features: 4098
  • Property Sub Type: MultiFamily
  • Year Built: 2024

Interior Features

  • Fireplace Features: Wood Burning Stove
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Electric Range, Disposal
  • Basement YN: No
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 5
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Gravel

Utilities

  • Heating: Central
  • Utilities: Electricity Connected
  • Heating Yn: Yes

Schools

  • Elementary School: Troup
  • High School: Troup
  • Junior High Dist: Troup ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.81
  • Parcel Number: R151862
  • Lot Size Acres: 0.81
  • Lot Size Sq Ft: 35283.6

Building Info

  • Year Built: 2024
  • Units Total: 2

Multi Family

  • Annual Gross Income: 31200.0
  • Property Net Operating Income: 29400.0

MLS Schools

  • MiddleOrJuniorSchool: Troup

Map

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Price Changed $230,000 -7.6% $189 / Sq Ft
04/23/2025 04/23/25 Price Changed $249,000 -4.2% $205 / Sq Ft
03/14/2025 03/14/25 For Sale $260,000 -- $214 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20902317

North Texas Real Estate Information Systems (NTREIS)