-- Beds
-- Baths
9,423 Sq Ft
6 Acre Lot

Sale Details

Date Sold: June 16, 2025

159 Days on Market

Highlights

  • 6 Acre Lot
  • 1-Story Property
  • Wood Fence
  • 3 Car Attached Garage
  • Concrete Flooring
  • Heating Available

About This Home

Unique Investment Opportunity: 6-Acre Property with Multiple Income Streams
Nestled on 6 beautifully treed acres, this rare investment property features a diverse mix of residential units, offering a stable and profitable income. With a total of 11 tenants and 100% occupancy, this property is a turnkey investment with significant upside potential.
The property includes:
• Four well-maintained duplexes, providing a total of eight rental units.
• Three residential houses, including:
• A 3-bedroom home,
• A 2-bedroom home,
• A 1-bedroom home.
Each unit is occupied by long-term tenants, ensuring reliable cash flow. The property is also graced by mature live oak trees, adding charm and beauty to the landscape with an additional empty lot space off First street.
This unique offering is perfect for investors seeking a stable, low-maintenance portfolio with substantial rental income potential. Whether you're an experienced investor or new to the market, this property promises both immediate returns and long-term growth in a highly desirable location.

Last Agent to Sell the Property

Brooke Ladouceur

Worthington Realty & Investments, INC Brokerage Phone: (817) 596-0291 License #0574923 Listed on: 12/05/2024

Last Buyer's Agent

Laura Phillips

Elevate Realty Group License #0620061

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,330

Year Built

  • Built in 2003

Lot Details

  • 6 Acre Lot
  • Wood Fence

Parking

  • 3 Car Attached Garage
  • 15 Carport Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 1-Story Property
  • Concrete Flooring

Schools

  • Seguin Elementary School
  • Tison Middle School
  • Weatherford High School

Utilities

  • Cooling Available
  • Heating Available
  • Aerobic Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R000046503

Community Details

Overview

  • 7 Buildings
  • 7 Units
  • 9,423 Sq Ft Building
  • Inheritance Estates Subdivision

Building Details

  • Gross Income $130,476
  • Net Operating Income $80,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,330

Year Built

Built in 2003

Lot Details

6 Acres

Parking

3

Listing Details

  • OWNERNAME: Simpson
  • Property Type: Residential Income
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: (817) 596-0291
  • CapRate: 4.73
  • Co List Office Mls Id: WORT01WF
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48367:R000046503
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 2003

Interior Features

  • Interior Amenities: Pantry, Cable TV
  • Flooring: Concrete
  • Appliances: Refrigerator

Exterior Features

  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition, Metal
  • Construction Materials: Brick, Metal Siding
  • Pool Features: None

Garage/Parking

  • Cooling System: Electric
  • Garage Spaces: 3.0
  • Carport Spaces: 15.0
  • Total Covered Spaces: 19.0
  • Parking Features: Carport
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Sewer: Aerobic Septic
  • Heating: Electric
  • Utilities: Electricity Connected, Septic Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Seguin
  • High School: Weatherford
  • Junior High Dist: Weatherford ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 6.0
  • Parcel Number: R000046503
  • Lot Size Acres: 6.0
  • Lot Size Sq Ft: 261360.0

Building Info

  • Year Built: 2003
  • Units Total: 7
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 9.0
  • Annual Gross Income: 130476.0
  • Property Net Operating Income: 80476.0

Tax Info

  • Tax Annual Amount: 19330.0

MLS Schools

  • MiddleOrJuniorSchool: Tison

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2025
Sold by
Simpson Sheryl R
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,000
Outstanding Balance
$1,048,725
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2025
Sold by
Simpson Timothy Don
Bought by
Simpson Sheryl Renee

Purchase Details

Closed on
Oct 10, 2006
Sold by
New Larry
Bought by
Simpson Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
6.44%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 18, 1999
Sold by
New Larry
Bought by
Simpson Tim

Purchase Details

Closed on
Mar 16, 1995
Bought by
Simpson Tim

Purchase Details

Closed on
Jan 27, 1989
Bought by
Simpson Tim
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Reunion Title
Simpson Sheryl Renee -- None Listed On Document
Simpson Tim -- Stnt
Simpson Tim -- --
Simpson Tim -- --
Simpson Tim -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,060,000
Previous Owner Simpson Tim $545,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Sold -- -- --
05/13/2025 05/13/25 Pending -- -- --
04/21/2025 04/21/25 Price Changed $1,700,000 -5.5% $180 / Sq Ft
03/04/2025 03/04/25 Price Changed $1,799,000 -10.0% $191 / Sq Ft
01/03/2025 01/03/25 Price Changed $1,999,000 -13.1% $212 / Sq Ft
12/07/2024 12/07/24 For Sale $2,300,000 -- $244 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,037 $1,476,230 $282,720 $1,193,510
2024 $18,295 $1,186,610 $300,000 $886,610
2023 $18,295 $1,186,610 $300,000 $886,610
2022 $19,361 $1,039,890 $258,850 $781,040
2021 $20,991 $1,039,890 $258,850 $781,040
2020 $17,746 $874,900 $187,200 $687,700
2019 $18,931 $874,900 $187,200 $687,700
2018 $18,139 $833,910 $145,200 $688,710
2017 $18,510 $833,910 $145,200 $688,710
2016 $17,855 $804,420 $115,710 $688,710
2015 $17,618 $804,420 $115,710 $688,710
2014 $14,679 $724,960 $90,000 $634,960
Source: Public Records

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20788880

North Texas Real Estate Information Systems (NTREIS)
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