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$499,000   Price Analysis
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311 W Franklin St
Alvord, TX 76225
Unknown bed 0 bath 2,432 SqFt ($205/SqFt)
0.32 acre lot. Built 1941
Listed 2023-12-08
USDA Eligible
near Alvord, TX
 Restrictions may apply
due to home size

Welcome to this versatile income producing property with a rich histry.

Located in Alvord, TX., this property offers an incredible opportunity for entrepreneurs and business owners seeking a fantastic location for their venture. The apartments feature A cozy 2 bed, 1 bath unit with a contemporary kitchen, sizeable living area and well-appointed bedrooms and the larger 3 bed 2 bath unit has an updated kitchen.

Currently, both units are leased out, generating a steady stream of income and an excellent opportunity to build equity and wealth. Also, formerly a successful hair salon, the layout of the commercial space is adaptable for various business types. It is situated in a high-traffic area, ensuring maximum visibility and foot traffic. Whether it's a salon, boutique or office space, this property is ready to accommodate your vision.


Presented by Tomie Fox at
Tomie Fox Real Estate Group.
Listing Agent Photo

Property MLS #20488145 from NTREIS

Total Bathrooms: 0

Built-in Features
Decorative Lighting
Flooring: Ceramic Tile

Dishwasher

Cooling Features: Central Air, Electric, Multi Units
Heating Features: Central, Electric

Lot Description: Less Than .5 Acre (not Zero)
Lot Size Acres: 0.321
Lot Size Square Feet: 13983

Parking Features: Open, Parking Pad, Unpaved

Number of Buildings: 1

Elementary School: Alvord
High School: Alvord
Middle School: Alvord
School District: Alvord ISD

Alvord Elementary School is a public elementary school located approximately 0.3 miles away.
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Alvord Middle School is a public middle school located approximately 0.4 miles away.
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Alvord High School is a public high school located approximately 0.6 miles away.
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Gross Income: 37800.00

Source Listing Status: Active
County: Wise
Directions: MAPS Friendly
Source Property Type: Residential Income
Source Neighborhood: Original Alvord
Parcel Number: S0060031700
Postal Code Plus 4: 5338
Subdivision: Original Alvord
Property Subtype: Duplex
Source System Name: C2C

Listed 2023-12-08
$499,000
NTREIS
Listing removed 2011-03-01
$129,900
NTREIS

Net Operating Income: 31621

Year Built: 1941
Building Area Total: 2432
Construction Materials: Construction: Siding
Foundation Details: Slab
Levels: One
Property Age: 83
Roof: Composition
Year Built Details: Preowned

Utilities: All Weather Road, City Sewer, City 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.