Courtesy: Slate Real Estate Co., LLC
LOCATED ON 15 ACRES, THE PROPERTY CONTAINS 8 FULL DUPLEXES AND APPROXIMATELY 7.5 ACRES OF REMAINING LAND FOR FUTURE DEVELOPMENT. THE DUPLEXES HAVE HISTORICALLY HAD HIGH OCCUPANCY AND DEMAND AND ARE CLOSE TO SCHOOLS. PARADISE IS LOCATED APPROXIMATELY 6 MILES SOUTHWEST OF DECATUR, PROVIDING EASY ACCESS TO ADDITIONAL SHOPPING, DINING,HEALTHCARE AND OTHER SERVICES.
Courtesy: Compass RE Texas, LLC
214-814-8100
Rare opportunity to own a private residence AND established income-producing property on 2.82 acres in Paradise! The property features a beautiful 3,500-square-foot main home built in 2021, plus three separate duplexes offering six rental units and approximately 4,680 additional square feet of living space. The duplexes currently generate $97,200 in annual gross rental income, providing a unique opportunity to enjoy country living while producing substantial rental income on the same property. The main residence offers 4 bedrooms, 3 bathrooms, spacious living areas, a fireplace, vinyl plank flooring and two tankless water heaters. The rental portfolio consists of two 2-bedroom units and four 1-bedroom units, each with its own living space. All three duplex buildings feature tankless water heaters. The property is served by a private well with water softener and 1,000-gallon storage tank. With approximately 8,180 square feet of combined residential space, six income-producing units and a newer primary residence, this property offers incredible flexibility for an owner-occupant, investor, multi-generational living or anyone looking to combine home and income in one unique property. Conveniently located in Paradise with easy access to Decatur and the greater DFW area.
Courtesy: Buy Wise Real Estate
940-399-3900
ENTIRE RENTAL PROPERTY PORTFOLIO OF MOSTLY NEW & UPDATED PROPERTIES WITH NEAR FULL OCCUPANCY OFFERED FOR SALE on Ash Street in Paradise, Texas. 5 separate structures consisting of: (1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation. This home has been taken down to the studs with much new (see Transaction Desk for list) and is currently ready for drywall! Paradise is one of Wise County's fastest growing towns and has widely sought after A-Rated schools. This portfolio has a fabulous cash flow and an alluring cap rate. Built and owned by a custom home builder, there are many tasteful details throughout - Granite countertops, hardwood and tile finishes, large walk-in closets, elegant lighting, fixtures and more. You must truly see to appreciate this great package. This portfolio MUST be sold together. Contact list agent for more details. Option exists for additional SFR and 1.959ac plus or minus directly across the street at 102 N. Mesquite St. (MLS#21072318). Plans already exist for multiple quadplexes in this location or a new owner can build to suit. Seller is a builder and developer and willing to bid or build anything a new owner's heart desires. It's hard to get a good return on your investment in today's economy. If you've wanted to get into rental real estate, this is a wonderful opportunity with LOADS of potential for growth in all the right directions! Full financials and all info can be fully furnished upon request. Drive link with many additional photos of all units available upon request.
Paradise is located in Texas. Paradise, Texas has a population of 494. Paradise is more family-centric than the surrounding county with 40.95% of the households containing married families with children. The county average for households married with children is 36.71%.
The median household income in Paradise, Texas is $56,354. The median household income for the surrounding county is $75,482 compared to the national median of $69,021. The median age of people living in Paradise is 34.4 years.
The average high temperature in July is 94.5 degrees, with an average low temperature in January of 31.1 degrees. The average rainfall is approximately 36.6 inches per year, with 1.7 inches of snow per year.
