NOT LISTED FOR SALE

302 Mill St Lone Oak, TX 75453

3 Beds
2 Baths
1,356 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: December 21, 2023

177 Days on Market

Highlights

  • Covered Patio or Porch
  • Interior Lot
  • Accessibility Features
  • Balcony
  • Accessible Approach with Ramp
  • Ceramic Tile Flooring

About This Home

As of December 2023

100% LEASED - STRONG CASHFLOW! Turnkey 4Plex investment! Great multifamily product to get started or add quality units to your rental portfolio. 2 story quadplex in Lone Oak, Tx which is right in the heart of growing Hunt County! Close to Greenville, Hwy 69 and I-30. Great infill site with full concrete parking lot, drainage, and ADA ramp! All units are 1,356 sqft with 3 bedrooms, 2 full bathrooms, with a balcony! Expansive layout, durable flooring, granite countertops, and quality light fixtures. Sprinkler system and low-maintenance landscaping! Huge floor plans with an additional 22 sqft of storage! Strong cap rate and local market appreciation! Current property management company is also willing to stay on board!

Last Agent to Sell the Property

Seychelle Van Poole

Keller Williams Realty DPR Brokerage Phone: 972-608-0777 License #0522221 Listed on: 05/09/2023

Keller Williams Realty DPR

Co-Listed By

Randy Abshier

Keller Williams Realty DPR Brokerage Phone: 972-608-0777 License #0619223

Last Buyer's Agent

Daniel Grimaldo

LoKation Real Estate License #0642406

LoKation Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020

Lot Details

  • 13,591 Sq Ft Lot
  • Lot Dimensions are 103 x 135 x 99 x 135
  • Partially Fenced Property
  • Wood Fence
  • Landscaped
  • Interior Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stone Siding
  • Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 11 Parking Spaces
  • Common or Shared Parking
  • Open Parking

Accessible Home Design

  • Accessibility Features
  • Accessible Approach with Ramp

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Loneoak Elementary And Middle School
  • Loneoak High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • 5,808 Sq Ft Building
  • Orig Town Of Lone Oak Subdivision

Listing and Financial Details

  • Legal Lot and Block 7A / 107
  • Assessor Parcel Number 206329
  • $13,486 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 2020

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Accessibility Features: Accessible Approach with Ramp
  • Security: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 56227
  • Will Subdivide: No
  • Accessibility Features Yn: Yes
  • Accessory Unit YN: No
  • Horse Permitted Y N: No
  • Ratio Current Price By Building: 114.44611
  • Attribution Contact: 972-608-0777
  • Special Features: None
  • Year Built: 2020

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Ceramic Tile, Luxury Vinyl Plank
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
  • Basement YN: No

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Partial, Wood
  • Roof: Composition
  • Construction Materials: Frame, Rock/Stone, Siding
  • Exterior Features: Balcony, Covered Patio/Porch, Rain Gutters, Lighting
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 11
  • Parking Features: Common, Open
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Mill Street Apts
  • Association Type: None

Schools

  • School District: Lone Oak ISD
  • Elementary School: Loneoak

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Interior Lot, Landscaped, Sprinkler System
  • Lot Size Units: Acres
  • Lot Size Area: 0.3120
  • Lot Size: 103 x 135 x 99 x 135
  • Parcel Number: 206329
  • Lot Size Acres: 0.3120
  • Lot Size Sq Ft: 13590.7200

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2020
  • Units Total: 4
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 7673.00
  • Gross Annual Income: 63900.00
  • Insurance Expense: 3953
  • Tenancy: No Sublease, Written Application Only
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 13486
  • Special Taxing Entities: No
  • TaxBlock: 107
  • Tax Lot: 7A

MLS Schools

  • Middle School Name: Loneoak
  • Elementary School Name: Loneoak
  • High School Name: Loneoak
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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
12/21/2023 12/21/23 Sold -- -- --
11/02/2023 11/02/23 Pending -- -- --
10/19/2023 10/19/23 Price Changed $689,900 -1.4% $509 / Sq Ft
07/26/2023 07/26/23 Price Changed $700,000 -4.1% $516 / Sq Ft
06/21/2023 06/21/23 Price Changed $729,900 -2.7% $538 / Sq Ft
05/09/2023 05/09/23 For Sale $750,000 -- $553 / 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 $13,011 $689,500 $29,650 $659,850
2024 $13,011 $660,180 $29,650 $630,530
2023 $13,011 $668,340 $24,280 $644,060
2022 $13,486 $586,210 $14,460 $571,750
2021 $11,774 $491,130 $8,420 $482,710
2020 $202 $8,090 $8,090 $0
2019 $134 $5,160 $5,160 $0
2018 $134 $5,160 $5,160 $0
2017 $182 $6,670 $6,670 $0
2016 $182 $6,670 $6,670 $0
2015 $173 $6,670 $6,670 $0
2014 $173 $6,670 $6,670 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20324542

North Texas Real Estate Information Systems (NTREIS)
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