$1,200,000

7261 Texas 276 Point, TX 75472

Estimated payment $6,516/month

Total Views 1,869
-- Bed
-- Bath
5,984 Sq Ft
$201 Price per Sq Ft

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • Luxury Vinyl Plank Tile Flooring
  • Rains Elementary School Rated A-
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

Unique Turn Key opportunity on 2.419 acres ! This 7 unit apartment complex is fully renovated and is at 100% capacity with renters on an annual contract! New Roof, Windows, HVACs, Appliances, Plumbing, Electrical, etc. This property offers something for the Investor and or the owner occupant ! With nearly 1.25 acres of open land with potential for various purposes or buildings, it opens up possibilities for additional income . All 7 units rented-occupied but no long term leases to have to honor! Very attractive cap rate! Email agent for more info!

Listing Agent

Michael Barakatt

Coldwell Banker Apex, REALTORS Brokerage Phone: 786-449-8742 License #0654612 Listed on: 09/02/2025

Coldwell Banker Apex, REALTORS

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1980

Lot Details

  • 2.42 Acre Lot
  • Few Trees

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Decorative Lighting
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Gravel Driveway
  • Unpaved Parking
  • Open Parking
  • Parking Lot

Outdoor Features

  • Covered Patio or Porch

Schools

  • Rains Elementary School
  • Rains High School

Utilities

  • Central Heating and Cooling System
  • Aerobic Septic System
  • High Speed Internet

Community Details

  • 2 Buildings
  • 7 Units
  • 5,984 Sq Ft Building
  • Brook Thomas D Subdivision

Listing and Financial Details

  • Assessor Parcel Number R527

Property Details

Home Type

Apartment

Year Built

Built in 1980

Lot Details

0

Listing Details

  • OWNERNAME: See tax Records
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 786-449-8742
  • Co List Office Mls Id: CBAP05
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48379:R527
  • Special Features: VirtualTour
  • Year Built: 1980

Interior Features

  • Interior Amenities: Decorative/Designer Lighting Fixtures, High Speed Internet, Open Floorplan
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement YN: No

Exterior Features

  • Foundation: Slab
  • Roof: Metal
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered
  • RoadSurfaceType: Gravel

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Gravel, Open, Parking Lot, Unpaved
  • OpenParkingYN: Yes
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Aerobic Septic, Septic Tank
  • Heating: Central, Electric
  • Utilities: Electricity Available, Septic Available, Water Available
  • Heating Yn: Yes

Schools

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

Lot Info

  • Lot Features: Acreage, Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 2.419
  • Parcel Number: R527
  • Lot Size Acres: 2.419
  • Lot Size Sq Ft: 105371.64

Building Info

  • Year Built: 1980
  • Units Total: 7

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,967 $315,876 $59,053 $256,823
2024 $3,667 $221,702 $59,033 $162,669
2023 $3,667 $250,241 $56,221 $194,020
2022 $4,047 $236,984 $46,851 $190,133
2021 $4,468 $236,984 $46,851 $190,133
2020 $1,937 $102,507 $17,091 $85,416
2019 $2,392 $121,398 $17,091 $104,307
2018 $2,346 $119,414 $17,091 $102,323
2017 $2,384 $118,916 $16,593 $102,323
2016 $2,304 $114,929 $12,164 $102,765
2015 -- $117,376 $11,926 $105,450
2014 -- $102,874 $11,484 $91,390
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 For Sale $1,200,000 -- $201 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- Money Law & Title
Warranty Deed -- Curtis & Alexander Pc
Vendors Lien -- --
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $58,500 New Conventional
Previous Owner $58,500 Commercial
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21044847

North Texas Real Estate Information Systems (NTREIS)

APN: R527

Texas Rains County Point 75472

7261 Texas 276, Point, TX

For Sale

MultiFamily

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Michael Barakatt
Listing Agent
Michael Barakatt
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Coldwell Banker Apex, REALTORS
(430) 209-3239