I DO NOT WISH TO BE CONTACTED BY AGENTS. PLEASE BE RESPECTFUL TO THIS REQUEST. I proudly owned this 4-plex for 27 years. I am 75 yrs old and ready to liquidate but definitely not in urgent to sell and willing to negotiate my price. The property is located between Dallas and Fort Worth by DFW airport. It is at a walking distance from the Historic and touristic downtown Grapevine, multi shopping centers, TEXRAIL, Rec Center, Baylor medical center, restaurants, Hwy 121, Hwy 114, Hwy 360, minutes to Gaylord Texan Resort, Grapevine Lake, Grapevine Mills Mall and DFW Airport. This property has always been a great investment for me. Its location continues to give it an excellent future potential. It sits on a corner lot with 0.23 acre. The layout of all the apartments is identical. Each apartment: - Has 2 spacious bedrooms and 2 full baths and one carport. - Is updated with fully equipped kitchen, new appliances and floors. - All electric. Each unit has its own meter. - Spacious 1082 sq ft. the whole building is 4328 sq ft. - Ceiling fans and mini blinds in every room. - Full size washer and dryer connections. - Wood burning fire place. - The large parking lot accommodates up to 11 cars with 4 carports and one garage with garage door opener. It also has a surveillance monitor system. It is very quiet, well maintained and in a very good condition. Roof is 7 yrs old. - The yard has sprinkler system. - The water heaters are relatively new and the A/C units are few years old but in good working condition. The whole building is under home warranty coverage that is paid for till April 2021. It covers all electric, plumbing, air conditioning/heating, water heaters, and all kitchen appliances. - All Tenants are on yearly lease contracts. The property has been for non smokers and no pets for the last 27 yrs. - Yearly rental income from the 4 units = $65040 The property is and stays fully occupied and the maintenance is minimal due to the home warranty coverage that extends to 2021. My non-negotiable price is $750K. I will not finance. A new buyer will have higher property tax and insurance and the net yearly income will be about $50540 or 6.7% return on investment for a cash buyer. I the seller will be renting one unit at market price and help in managing the building as I know it real well.
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