113 S Summit St, Red Oak, TX 75154

$349,000
4
BD
1
BA
List Price
$349,000
MLS#
21347820
Status
ACTIVE
Type
Multifamily
Subtype
ResidentialIncome
Year Built
1994
Construction Status
Preowned
Bedrooms
4
Full Baths
1
Acres
0.27
County
Ellis
City
Red Oak
Subdivision
Valley Estates

Property Description

Exceptional Investment Opportunity – Rare 4-Plex in a Prime Growth Location! Don't miss this hard-to-find fourplex offering outstanding cash flow potential in a highly desirable location. Conveniently situated near major interstate access, schools, shopping, and employment centers, this property is positioned in a peaceful, well-established neighborhood surrounded by continued residential and commercial growth. The property is 100% occupied with long-term tenants, providing immediate, stable rental income while offering the opportunity for future value enhancement. Current rents present upside potential, with the ability to increase rental income over time to align with comparable market rates. Each of the four units features a functional 1-bedroom, 1-bathroom floor plan designed for strong tenant demand. Recent capital improvements include new HVAC systems, helping reduce future maintenance costs and improve long-term reliability. Each unit is equipped with an electric stove, appliances providing a low-maintenance and efficient setup for both owners and tenants. Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing asset with appreciation potential, this well-maintained fourplex offers an excellent combination of location, occupancy, and future growth opportunity.

Additional Information

Unexempt Taxes
$9,000
Lot Size
11,586
Acres
0.27
Interior Features
Other
Flooring
Carpet, Tile
Foundation
Other
Roof
Shingle
Stories
1
Pool Features
None
Parking Garage
Driveway
School District
Red Oak Isd
Elementary School
Wooden
Middle School
Red Oak
High School
Red Oak
Possession
CloseOfEscrow, Other

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Sridhar Kothalanka from Mersal Realty. Contact: 214-731-3163