Price Reduced Listing
Description
Here is an investment opportunity in the city of Alvord, Texas. Built in 2019, this triplex offers modern construction, durable exterior features, and strong long-term rental appeal for investors seeking to expand or stabilize their portfolio. Each unit features approximately 1,224 square feet of living space with three bedrooms and two full bathrooms, creating an attractive option for families, workforce housing, or long-term tenants seeking comfort and convenience. The thoughtfully designed floor plans include spacious living areas, separate kitchen nooks for dining, and electric range appliances in each unit. Electric washer and dryer connections provide added convenience for tenants while reducing maintenance concerns often associated with shared laundry facilities. Each residence is also equipped with individual HVAC systems, allowing tenants to control their own comfort while helping owners manage utility efficiency more effectively. A durable metal roof enhances the property’s exterior appeal while potentially contributing to lower long-term maintenance costs and extended roof life compared to many traditional roofing materials. Additional storage space adds practical value for residents and increases the property’s marketability in a competitive rental environment. The property’s newer construction age may provide advantages related to reduced deferred maintenance compared to older multifamily assets, making this an appealing option for both seasoned and first-time investors. Located in Alvord, this property benefits from the appeal of small-town Texas living while maintaining access to larger North Texas employment and growth corridors. The combination of modern construction, desirable unit sizes, and functional amenities positions this property as a strong income-producing asset with long-term upside potential. Multifamily opportunities with this combination of age, layout, and functionality remain increasingly difficult to find in today’s market.
Details
| MLS # | 21293554 |
|---|---|
| Listing Type | For Sale |
| Style | Triplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 80 |
| Listing Provided By | CENTURY 21 Judge Fite Co.- Decatur | Thomas Gibson |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 Total |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.22 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Interior Features | High Speed Internet Available |
| Appliances | Dishwasher, Disposal, Electric Range |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Brick, Wood |
| Foundation Details | Slab |
Parking
| Parking Features | Gravel |
|---|
Utilities
| Utilities | Asphalt, City Sewer, City Water, Electricity Connected |
|---|
Taxes
| Unexempt Taxes | 7949 |
|---|---|
| Tax Block | 15 |
| Tax Legal Description | LOT PT 5 BLK 15 ORIGINAL ALVORD |
Area Information
| State | TX |
|---|---|
| County | Wise |
| City | Alvord |
| Zip Code | 76225 |
| Area | Wise |
| Community Name | Original Alvord |
| School District | Alvord ISD |
| Elementary School | Alvord |
| High School | Alvord |
| Listing VS Median (in Original Alvord) | |
Price: $570,000 low | high Med: $358,777 On site: 80 low | high Med: 229 | |
Market Activity 76225
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Learn More About This Property
| State | TX |
|---|---|
| County | Wise |
| City | Alvord |
| Zip Code | 76225 |
| Area | Wise |
| Community Name | Original Alvord |
| School District | Alvord ISD |
| Elementary School | Alvord |
| High School | Alvord |
| Listing VS Median (in Original Alvord) | |
Price: $570,000 low | high Med: $358,777 On site: 80 low | high Med: 229 | |
