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$415,000   Price Analysis
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104 E Brown St
Lipan, TX 76462
8 bed 4 bath 2,890 SqFt ($143/SqFt)
8,276SqFt lot. Built 2000
Listed 2024-05-18, Taxes $6,477
USDA Eligible
near Lipan, TX
 Restrictions may apply
due to home size

PRICE TO SELL!

Prime Income Investment Opportunity. 4 Well-Appointed Units each with 2 Bedrooms and 1 Bathroom each at Approx. 800 Squar Feet Providing Ample Space for Tenants. This Property is Centrally Located Between Granbury, Stephenville, Mineral Wells and Weatherford for Tenants to Commute to Fort Worth if needed. With Various Surrounding Towns for Employment and Amenities, & Located in Exceptional Lipan ISD this Property will be Well Sought After by Tenants.

This Quadplex Offers an Exceptional Investment Opportunity. Property is currently being Managed by Local, Reputable Property Management Company, Ensuring Hassle-Free Ownership for Investors. If First Time Investor, this Property would be a Great Start on Building Your Investment Portfolio or a Great Asset to Add to an already Established Investor's Portfolio. Don't Miss Out On This Opportunity!


Presented by Brittany Elkins at
Ebby Halliday Realtors-Stephenville.
Listing Agent Photo

Property MLS #20618416 from NTREIS

Bedrooms: 8

Total Bathrooms: 4
Full Bathrooms: 4

High Speed Internet Available
Flooring: Carpet, Tile, Vinyl

Dishwasher
Electric Oven
Electric Range

Cooling Features: Ceiling Fan(s), Central Air, Electric
Heating Features: Central, Electric

Covered Patio/Porch
Lighting
Patio And Porch Features: Covered

Level
Lot Size Acres: 0.19
Lot Size Square Feet: 8276

Parking Features: Open

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 4

Elementary School: Lipan
High School: Lipan
Middle School: Lipan
School District: Lipan ISD

Lipan Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Lipan High School is a public middle and high school located approximately 0.3 miles away.
directions icon Map directions

Gross Income: 46200.00

Source Listing Status: Active
County: Hood
Directions: GPS Friendly
Source Property Type: Residential Income
Exclusions: Tenants personal belongings
Insurance Expense: 2562
Parcel Number: R000091775
Postal Code Plus 4: 2223
Property Subtype: Quadruplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$306,150 + $40,000
$346,150
$6,477
2021$213,610 + $12,000
$225,610
$4,550
2020$218,640 + $12,000
$230,640
$4,615
2019$218,640 + $12,000
$230,640
$4,885
2018$162,800 + $12,000
$174,800
$3,947
2017$164,670 + $12,000
$176,670
$3,989
2016$119,950 + $12,000
$131,950
$3,008
2015$114,680 + $12,000
$126,680
$2,877
2014$114,680 + $12,000
$126,680
$2,717
2013$141,580 + $12,000
$153,580
$3,273
2012$120,220 + $12,000
$132,220
$2,798
2011$137,070 + $12,000
$149,070
$3,172
2010$137,070 + $12,000
$149,070
$3,042
2009$137,070 + $12,000
$149,070
$3,023
2008$150,780 + $10,000
$160,780
$3,382
2007$137,070 + $10,000
$147,070
$2,943

Listed 2024-05-18
$415,000
NTREIS
Listing removed 2024-05-15
$475,000
NTREIS
Listed for rent 2024-05-01
$950
NTREIS
Listed 2024-04-11
$475,000
NTREIS
Listing removed 2022-01-31
$590,000
NTREIS
Listed 2021-12-02
$590,000
NTREIS
Sold 2021-09-08
$0
NTREIS
Listed 2021-05-19
$395,000
NTREIS
Sold 2016-05-18
$0
NTREIS
Price Changed 2016-02-22
$199,000
NTREIS
Listed 2015-12-03
$209,900
NTREIS
Listing removed 2011-01-01
$184,900
NTREIS
Price Changed 2010-08-26
$184,900
NTREIS
Listed 2010-06-15
$187,000
NTREIS
Sold 2006-03-28
$0
Public Record

Net Operating Income: 41502

Year Built: 2000
Building Area Total: 2890
Construction Materials: Construction: Brick, Siding
Foundation Details: Slab
Levels: Two
Property Age: 24
Roof: Composition
Year Built Details: Preowned

Utilities: City Sewer, City Water

Security Features: Security Features: Smoke Detector(s)
Click Thumbnail Images To View Full Size
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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.