NOT LISTED FOR SALE

2196 E Cherry St Paris, TX 75460

Estimated Value: $146,000 - $218,000

-- Bed
-- Bath
2,186 Sq Ft
$80/Sq Ft Est. Value

Last Sold November 07, 2022

Current estimated payment $1,144/month

121 Days on Market

Highlights

  • Cooling Available
  • Paris High School Rated A-
  • 1-Story Property

About This Home

As of November 2022

Income producing 11 units on 4.7 acres, 6000 square foot barn and a big storage. This property will provide immediate cash flow as 9 units rented, 1 unit just remodeled could rent $700 a month easily. price range from around $400-650 a month which is way under market price, Tenants pay their own electricity. The property located in the developing area of town as the new built duplex cross from the street rent for $1200 a month 2 bedrooms 2 baths.

Last Agent to Sell the Property

Vi Thai

Keller Williams Legacy License #0752832 Listed on: 05/17/2022

Keller Williams Legacy

Last Buyer's Agent

Sam Winkles

Fathom Realty, LLC License #0666229

Fathom Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,510

Lot Details

  • 4.7 Acre Lot

Parking

  • 11 Parking Spaces

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Electric Oven

Schools

  • Aiken Elementary School
  • Travis Middle School
  • Crockett Middle School
  • Paris High School

Utilities

  • Cooling Available
  • Cable TV Available

Community Details

  • 3 Buildings
  • 11 Units
  • Scpa Subdivision

Listing and Financial Details

  • Assessor Parcel Number 121242

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,510

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Unit Levels: One
  • Year Built Details: Unknown
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 23888
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Special Features: None

Interior Features

  • Interior Amenities: Cable TV Available
  • Appliances: Electric Oven, Refrigerator

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Cooling System: Electric, Other
  • Number Of Parking Spaces: 11
  • Parking Features: Other

Utilities

  • Heating: Other
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Paris ISD
  • Elementary School: Aiken
  • High School: Paris
  • School District: Paris ISD
  • Intermediate School: Crockett
  • Junior High School: Travis

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 4.7000
  • Parcel Number: 121242
  • Lot Size Acres: 4.7000
  • Lot Size Sq Ft: 204732.0000
  • Assessor Parcel Number 2: 121245, 18174

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 9999
  • Units Total: 11

Multi Family

  • Gross Annual Expenses: 22292.00
  • Gross Annual Income: 46180.00
  • Insurance Expense: 1703
  • Unit Count: 1

MLS Schools

  • Elementary School Name: Aiken
  • High School Name: Paris

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

Mortgage History

Date Status Borrower Loan Amount
Closed Nelms Dennis R $30,000
Closed Nelms Denis $115,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2022 11/07/22 Sold -- -- --
09/15/2022 09/15/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $345,000 -5.5% $158 / Sq Ft
08/09/2022 08/09/22 Price Changed $365,000 -7.6% $167 / Sq Ft
06/06/2022 06/06/22 For Sale $395,000 0.0% $181 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $395,000 -- $181 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

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 $2,510 $140,700 $16,970 $123,730
2024 $2,510 $140,700 $16,970 $123,730
2023 $2,356 $129,680 $18,330 $111,350
2022 $1,740 $84,710 $31,760 $52,950
2021 $1,919 $84,710 $31,760 $52,950
2020 $1,986 $84,580 $31,760 $52,820
2019 $1,296 $52,140 $31,760 $20,380
2018 $1,054 $42,390 $23,520 $18,870
2017 $1,077 $42,390 $23,520 $18,870
2016 $1,077 $42,390 $23,520 $18,870
2015 -- $42,390 $23,520 $18,870
2014 -- $42,390 $23,520 $18,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20056470

North Texas Real Estate Information Systems (NTREIS)

APN: 18168