16583 Bowling Ln - Multi-Family FOR SALE


Terrell, TX 75161
$899,000 USD
972-755-3734
16583 Bowling Ln, Terrell, TX for Sale
$899,000 USD
Multi-Family - FOR SALE
1/18
null | Request Cap Rate

16583 Bowling Ln
Terrell, TX 75161


HIGHLIGHTS

  • Income Producing Property with Extra Land

OVERVIEW

EXECUTIVE SUMMARY PROPERTY OVERVIEW: Income-producing investment opportunity with future development potential located on approximately 13.96 acres in Terrell, Texas. The property at 16583 Bowling Lane features a diverse mix of improvements, including five slab-built homes, two trailer homes, and two ponds, currently generating approximately $4,800 per month in rental income. This unique asset provides immediate cash flow while offering investors, developers, and owner-operators the flexibility to pursue various value-add strategies. Potential opportunities include continued rental operations, redevelopment, workforce housing, land banking, or future residential development, subject to local approvals. Positioned within one of Kaufman County's growing markets, the property offers convenient access to major transportation corridors and combines existing income with significant long-term appreciation potential. legacycommercialgroup.com PROPERTY HIGHLIGHTS: Approximately 13.96 acres in the growing Terrell market Income-producing asset generating approximately $4,800 per month Five slab-built homes and two trailer homes Two ponds on the property Opportunity for redevelopment or future expansion Potential uses include workforce housing, land banking, or residential development (subject to approvals) Existing infrastructure and multiple residences already in place Flexible investment opportunity with value-add potential Located within the path of growth in Kaufman County Convenient access to major transportation corridors Combination of immediate cash flow and long-term appreciation potential

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

7

PRICE/UNIT

$128,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16583 Bowling Ln - Income Producing Property

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

9486

ASK ABOUT THIS PROPERTY

TJ McNeeceLegacy Commercial GroupMore Info
972-755-3734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

TJ McNeeceLegacy Commercial GroupMore Info
972-755-3734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.