11722 Fm 16 Lindale Tx 75771

Lindale, TX 75771

$899,900
Price
8
Beds
10
Baths
5,776 Sq. Ft.
$156 / Sq. Ft.
5,776
Sq. Ft.
$156
per Sq. Ft.

Description

Rare investment property opportunity in Lindale! Fourplex with multiple investment strategies already in play. 2 units currently used as Mid-term rentals, 1 unit as Short-term and 1 unit as Long-term. Maximum rental potential already achieved and all you have to do is continue the plan! 3 units are fully furnished including all appliances and everything needed to continue the current strategy will convey! Come see this exceptional opportunity in one of the highest rated school districts in East Texas...Rare investment property opportunity in Lindale! Fourplex with multiple investment strategies already in play. 2 units currently used as Mid-term rentals, 1 unit as Short-term and 1 unit as Long-term. Maximum rental potential already achieved and all you have to do is continue the plan! 3 units are fully furnished including all appliances and everything needed to continue the current strategy will convey! Come see this exceptional opportunity in one of the highest rated school districts in East Texas which equates to AWESOME rent rates and LOW VACANCIES. Call today to schedule a tour!
  1. Listed by Derek Harris • TREC #0705566 • Leslie Cain Realty, LLC
  2. Listed by Stacey Harris • TREC #0667045 • Leslie Cain Realty, LLC

Property Details for 11722 Fm 16 Lindale Tx 75771

Waterfront
No
Subdivision Name
Allegretto Estates
ZONING
Multi Fam Dwelling 2 ½ St
LISTING UPDATED: 12/20/2024 07:37 PM

Property Details for 11722 Fm 16 Lindale Tx 75771

StatusActive
MLS #24016948
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2023
Lot Size1.00 AC / 43,560 SF
CountySmith County

Building Information for 11722 Fm 16 Lindale Tx 75771

Stories-Residences4Year Built2023Building Size-Lot Size1.00 AC / 43,560 SF

Property Information for 11722 Fm 16 Lindale Tx 75771

Summary
Location and General Information
  • County: Smith
  • Waterview: No
  • Directions (NO OFFICES): From downtown Lindale head East on FM 16. Property is on the left.
  • City: Lindale
  • State: TX
  • Geo Subdivision: TX
  • Lake Community: No
Taxes and HOA
  • Taxes: 10021.48
  • Tax Year: 2024
Parking
  • PARKING 2-4 FAMILY: 1 Or More Per Unit
School Information
  • Elementary: Lindale
  • Middle School: Lindale
  • High School: Lindale
Property
Property and Assessments
  • Appraisal District Number: R223197
  • Class: MULTI-FAMILY
  • Year of Construction: 2023
  • DOCUMENTS ON FILE: Survey Plat
  • Foreclose/Bank Owned Y/N: No
  • Legal: Lot 1A Allegretto Estates
Lot Information
  • Approx SqFt: 5776
  • Total Number of Acres: 1.0
Utilities
  • SEWER: AerobicSeptic Sys
  • WATER: Community
  • INDIVIDUALLY METERED UTIL: Individual Electric Meter, Individual Water Meters
Interior and Exterior Features
Exterior Features
  • CONSTRUCTION: Brick Veneer, Siding
  • DRIVEWAY: Concrete
  • FENCING: Wood Fence
  • ROOF: Composition
  • FOUNDATION: Slab
Interior Features
  • FIREPLACE: None
  • COOLING: Central Electric
  • HEATING: Central Electric
  • LEVELS: 2 Stories
  • FLOORING: Carpet, Ceramic Tile, Vinyl
  • KITCHEN EQUIPMENT: Range/Oven-Electric, Dishwasher, Microwave, Refrigerator
Multi Family
Multi-Family Information
  • # Units: 4.0
Income & Expenses Information
  • OWNERS EXPENSES: Insurance, Lawn Care, Maintenance Repairs, Taxes
Unit 1
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Baths: 2.5
Unit 2
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Baths: 2.5
Unit 3
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Baths: 2.5
Unit 4
  • Unit 4 # Bedrooms: 2
  • Unit 4 # Baths: 2.5
Rental
Rental Information
  • TENANT PAYS: All Utilities

Property History for 11722 Fm 16 Lindale Tx 75771

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 11722 Fm 16 Lindale Tx 75771

This home is within Lindale Independent School District.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 1 to 3
Public - 4 to 6
Public - 7 to 8
Rating
School
Distance
College Street Elementary School
Public1 to 3

Velma Penny Elementary School
Public1 to 3

E J Moss Intermediate School
Public4 to 6

Lindale Junior High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11722 Fm 16 Lindale Tx 75771 is a multi-family home for sale in Lindale, TX 75771. This listing's school district is Lindale Independent School District. Nearby schools include College Street Elementary School, Velma Penny Elementary School and E J Moss Intermediate School. 11722 Fm 16 Lindale Tx 75771 is a 8-bed, 10-bath, 5,776 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Leslie Cain Realty, LLC, Derek Harris; Leslie Cain Realty, LLC, Stacey Harris

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