365 Fm 247 Road

Huntsville, TX 77320
Multi-Family - Multiple Detached Dw
Day(s) on Market
14 days
Sold
$1,082,001 - $1,242,000
Sold on 29 Oct 2021

Description

A real opportunity to purchase clean, well maintained rental units near Huntsville and Sam Houston State University. The property consist of seven tracts of land containing a total of 12.01 acres. Improvements consist of a 5 unit apartment building, five duplexes and one single-family residence. The rental properties are located at the northwest corner of McAdams Lane & FM 247 (City of Huntsville) and the northwest corner of Pine Hollow Lane & FM 247 (Huntsville ETJ). The units were built in the 60's, 70's and 90's and owned by the same Family since built. There is undeveloped acreage for future expansion on the north and south side of McAdams Lane. The Pine Hollow Lane property consist of three duplexes and one vacant .47 acre lot. The apartments are all occupied except for one that is being cleaned at this time on McAdams Lane.

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MLS#
17611057
Sold Price Range
$1,082,001 - $1,242,000
Listing Status
Sold
Address
365 Fm 247 Road
City
State
TX
Zip Code
County
Subdivision
None
Legal Description
PARKER W (A-37), TRACT 41.4, ACRES 2.88
Property Type
Multi-Family - Multiple Detached Dw
Stories
2
Year Built
1968 / Appraisal District
Lot Size
543,629 Sqft./Appraisal District
Market Area

Exterior

Exterior Type
Brick,Wood
Lot Description
Cleared
Parking
Carport Parking
Roof
Composition
Parking Unit
One
Unit Location
Cleared

Interior

Heating
Central Electric
Cooling
Central Electric
Floors
Carpet,Laminate,Tile
Energy Feature
Ceiling Fans

Financial

Financing Considered
Cash Sale,Conventional
Maintenance Fee
No
Other Fees
No
Taxes w/o Exemp
$627/2020
Tax Rate
1.9384

Additional information

Buyer Agent Compensation*
3.0%
Sub Agent Compensation*
3.0%
List Type
Exclusive Agency to Sell/Lease

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Subdivision Facts

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

Nearby schools view nearby schools

Property Map

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
$-----
$-----
Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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