22-unit Gainesville, TX- Multifamily Portfolio and Contiguous Acreage
455 Neals Hill Road, Gainesville, TX 76240Sale Type
Call For Offers
List Price
$3,500,000
- Property Type
- Multifamily
- Year Built
- 2016
- Square Feet
- 19,584
Sale Type
Call For Offers
List Price
$3,500,000
- Property Type
- Multifamily
- Year Built
- 2016
- Square Feet
- 19,584
Overview
Facts
Oak Ridge Portfolio (near Gainesville), Texas is a multi-family income property consisting of 2- fourplexes, 4-Triplexes, and 2-Single Family Homes, for a total of 22-Units. Also, two land parcels totaling 2.29 acres.
The well-maintained brick buildings were built in 2015 and feature covered porches, 2-car carports, granite countertops, stone backsplash, crown molding, trey ceilings, and all appliances including washers and dryers. It's located about an hour north of Dallas, 20 minutes from WinStar Casino, and 15 minutes from Gainesville or Sherman
- Selling Highlights - 455 Neals Hill Road Portfolio
- Premium Income-Producing Portfolio
- 22 total units across multiple properties generating consistent rental income
- Turnkey operation with established tenant base
- Diversified unit mix: 8 fourplex units, 12 triplex units, and 2 single-family homes
- Modern Construction & Quality Finishes
- Fourplexes built in 2016 with premium features including full brick construction, granite countertops, stone backsplash, crown molding, and trey ceilings
- All units include appliances, washer and dryer
- Covered porches and 2-car carports for each fourplex unit
- Low maintenance brick exteriors
- Prime North Texas Location
- Approximately 1 hour north of Dallas/Fort Worth metro
- 20 minutes from WinStar Casino (world's largest casino)
- 15 minutes from Gainesville or Sherman
- Minutes from area lakes for recreation
- Strong rental demand from casino employees and DFW commuters
- Attractive Park-Like Setting
- Properties situated on charming, park-like setting totaling approximately 4+ acres
- Well-maintained grounds
- Additional storage units for tenant convenience
- Operational Advantages
- Newer construction means lower maintenance costs
- Multiple properties allow for operational efficiencies
- Room for rent optimization and value-add opportunities
- Strong local employment base from WinStar and surrounding communities
- Asset Type
- Garden Style · Multifamily
- Year Built
- 2016
- Building Class
- B
- Building Size
- 19,584 SF
- Lot Size
- 5.94 acres
- Zoning
- Residential
- Parcel
- 69326, 69305, 84844, 15807, 69306