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$525,000   Price Analysis
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115 Private Road 7986 Unit Of
Winnsboro, TX 75494
13 bed 9 bath 6,420 SqFt ($81/SqFt)
6.78 acre lot. Built 2009
Listed 2024-03-06, Taxes $7,861
USDA Eligible
near Winnsboro, TX
 Restrictions may apply
due to home size

MOTIVATED SELLER: Wonderful Investment Property in East Texas!

* Sale Pending *

Property includes 6.7 total acres with plenty of room to expand the number of rental units or choose to build a primary residence on the property along with expanding your rental unts all on the same property. Property is centrally located between Winnsboro, Quitman and Gilmer. Property includes 1 Triplex and 2 Duplexes.

Triplex has 3, 1 Bedroom, 1 Bathroom units. One Duplex has 2, 2 Bedroom, 1 Bathroom units. Second Duplex has 2, 3 Bedroom, 2 Bathroom units. Units are all electric with central VHAC and aerobic septic. Units have individual meters for electricity and water. Great road frontage on both FM 312 and CR 3986. Location is a pleasing country setting with multiple options to expand and utili ze the additional acreage for an RV park or mini-storage. 100% LEASED!


Presented by James Hicks at
Quitman Realty.
Listing Agent Photo

Property MLS #20553823 from NTREIS

Bedrooms: 13

Eat-in Kitchen
Walk-In Closet(s)
Flooring: Carpet, Ceramic Tile, Laminate

Electric Oven
Electric Range
Refrigerator

Cooling Features: Central Air, Electric
Heating Features: Central

Full Bathrooms: 9

Acreage
Lot Size Acres: 6.778
Lot Size Square Feet: 295250

Parking Features: No Garage

Association: No
Calculated Total Monthly Association Fees: 0
Association Name: Lang Duplex

Number of Buildings: 3

Elementary School: Winnsboro
High School: Winnsboro
Middle School: Memorial
School District: Winnsboro ISD

Winnsboro Junior High School is a public middle school located approximately 10.4 miles away.
directions icon Map directions

Winnsboro Elementary School is a public elementary school located approximately 10.4 miles away.
directions icon Map directions

Winnsboro High School is a public high school located approximately 10.6 miles away.
directions icon Map directions

Gross Income: 63720.00

Source Listing Status: Pending
County: Wood
Directions: From Quitman at the Wood County Courthouse in Quitman, take Hwy 154 East for approx 12 miles. Turn left onto FM312. Continue for approx 2 miles. Turn left onto County Road 3986. In 350 feet, turn left onto Private Road 7986.
Source Property Type: Residential Income
Insurance Expense: 3600
Source Neighborhood: Tj Curi Surv A-116
Parcel Number: R100806
Postal Code Plus 4: 6073
Subdivision: Tj Curi Surv A-116
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$391,700 + $71,170
$462,870
$7,861
2021$342,970 + $46,090
$389,060
$7,124
2020$343,550 + $36,320
$379,870
$7,454
2019$305,530 + $34,430
$339,960
$6,814
2018$293,200 + $40,670
$333,870
$7,022
2017$293,200 + $26,840
$320,040
$5,701
2016$295,700 + $27,800
$323,500
$5,798
2015$295,700 + $26,530
$322,230
$5,596
2014$295,700 + $22,110
$317,810
$5,373
2013$295,700 + $22,110
$317,810
$5,373
2012$295,700 + $22,110
$317,810
$5,372
2011$295,700 + $22,110
$317,810
$5,417
2010$78,220 + $22,110
$100,330
$1,709

Price Changed 2024-03-26
$525,000
NTREIS
Listed 2024-03-06
$550,000
NTREIS
Listing removed 2024-02-16
$0
NTREIS
Price Changed 2024-01-12
$550,000
NTREIS
Price Changed 2023-11-29
$580,000
NTREIS
Price Changed 2023-11-17
$575,000
NTREIS
Listed 2023-08-15
$625,000
NTREIS
Sold 2020-10-06
$0
Public Record
Sold 2009-10-16
$0
Public Record

Net Operating Income: 51342
Operating Expense Includes: Maintenance, Maintenance Grounds, Maintenance Structure, Manager

Year Built: 2009
Building Area Total: 6420
Construction Materials: Construction: Fiber Cement
Foundation Details: Slab
Levels: One
Property Age: 15
Roof: Composition
Year Built Details: Preowned

Accessibility Features: Accessible Doors
Disabled Access: Yes

Utilities: Aerobic Septic, Co-op Electric, Co-op Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.