J
Seller's Agent in 2022
JIBRAN NAJMI
Corey Simpson & Associates
(214) 558-0700
2 in this area
62 Total Sales
701 College St Cleburne, TX 76033
9
Beds
6
Baths
5,696
Sq Ft
0.4
Acres
About This Home
As of September 2022PRICE REDUCTION! Looking for a value-add Multifamily opportunity minutes from DFW? Located moments from historic Downtown Cleburne, this Multifamily Residential property has massive upside! Currently occupied with fantastic bones, this is a creative Investor’s dream! Multiple opportunities to force appreciation including adding bedrooms, creating common areas & adding storage and most importantly over $7000+ gross proforma rents per month. Property is Zoned Multifamily Residential with separately metered utilities. Property has a 32 x 18 “storage” that could be converted to a 3 car Garage. Central HVAC on one unit. All Tenants have written leases, with one Tenant vacating at the end of the Month. Landlord pays Water, Sewer, Trash on 2 units. Check out Matterport 3D Model for a closer look! Property sold as is. Buyer & Buyers agent to verify all information & square footage of all units. DO NOT CONTACT TENANTS. Showings by appointment only.
Last Agent to Sell the Property
Corey Simpson & Associates License #0689809 Listed on: 05/13/2022
Co-Listed By
Aleiya Even
Corey Simpson & Associates License #0741026
Last Buyer's Agent
Lawanda James
CENTURY 21 Judge Fite Company License #0678251
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,261
Year Built
- Built in 1945
Lot Details
- 0.4 Acre Lot
- Few Trees
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2-Story Property
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Parking
- Carport
- Common or Shared Parking
- On-Street Parking
- Open Parking
- Outside Parking
- Unassigned Parking
Schools
- Coleman Elementary School
- Ad Wheat Middle School
- Cleburne High School
Utilities
- No Cooling
- No Heating
Listing and Financial Details
- Legal Lot and Block 5 / 511
- Assessor Parcel Number 126280026320
Community Details
Overview
- 2 Buildings
- 5 Units
- 5,696 Sq Ft Building
- Original Cleburne Subdivision
Building Details
- Gross Income $47,160
- Net Operating Income $39,479
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | -- | -- | -- |
| 07/31/2022 07/31/22 | Pending | -- | -- | -- |
| 07/16/2022 07/16/22 | Price Changed | $499,999 | -2.9% | $88 / Sq Ft |
| 07/08/2022 07/08/22 | Price Changed | $514,995 | -2.8% | $90 / Sq Ft |
| 07/06/2022 07/06/22 | For Sale | $529,900 | 0.0% | $93 / Sq Ft |
| 06/30/2022 06/30/22 | Off Market | -- | -- | -- |
| 05/13/2022 05/13/22 | For Sale | $529,900 | -- | $93 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
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 | $9,466 | $424,538 | $62,000 | $362,538 |
| 2024 | $9,466 | $424,538 | $62,000 | $362,538 |
| 2023 | $9,447 | $424,538 | $62,000 | $362,538 |
| 2022 | $4,088 | $163,345 | $62,000 | $101,345 |
| 2021 | $4,262 | $163,345 | $62,000 | $101,345 |
| 2020 | $3,640 | $131,345 | $30,000 | $101,345 |
| 2019 | $3,881 | $131,345 | $30,000 | $101,345 |
| 2018 | $3,779 | $127,845 | $26,500 | $101,345 |
| 2017 | $3,793 | $128,845 | $27,500 | $101,345 |
| 2016 | $3,561 | $120,973 | $13,500 | $107,473 |
| 2015 | $2,808 | $120,973 | $13,500 | $107,473 |
| 2014 | $2,808 | $105,356 | $13,500 | $91,856 |
Source: Public Records
Agents Affiliated with this Home
-
JIBRAN NAJMI
-
A
Seller Co-Listing Agent in 2022
Aleiya Even
Corey Simpson & Associates
-
L
Buyer's Agent in 2022
Lawanda James
CENTURY 21 Judge Fite Company
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20057615
APN: 126.2800.26320
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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