2180 East Cherry Street

Paris, TX 75460

$397,500
Price
11
Beds
11
Baths
6,044 Sq. Ft.
$66 / Sq. Ft.
6,044
Sq. Ft.
$66
per Sq. Ft.

Description

This property features 11 well maintained 1-bedroom, 1-bathroom units spread across three separate buildings, ensuring diverse tenant appeal and steady rental income. Adding further value, the property comes with an extra estimated 2.3 acres and boasts a large barn-shop-storage structure, perfect for extra storage, workshops, or other creative uses. Tenants are Responsible for electricity and Owner covers water, trash, and gas. Whether you're an experienced investor or looking to expand your portfolio,...This property features 11 well maintained 1-bedroom, 1-bathroom units spread across three separate buildings, ensuring diverse tenant appeal and steady rental income. Adding further value, the property comes with an extra estimated 2.3 acres and boasts a large barn-shop-storage structure, perfect for extra storage, workshops, or other creative uses. Tenants are Responsible for electricity and Owner covers water, trash, and gas. Whether you're an experienced investor or looking to expand your portfolio, this property offers exceptional value with room to grow. Don’t miss out on this rare chance to own a versatile and income-producing asset in a prime location. Schedule your showing today!
  1. Listed by Sam Winkles • TREC #0666229 • Fathom Realty, LLC • 940-435-4696

Property Details for 2180 East Cherry Street

Subdivision Name
City Of Paris
Pool
No
Number Of Parking Spaces
11
LISTING UPDATED: 12/04/2024 03:15 PM

Property Details for 2180 East Cherry Street

StatusActive
MLS #20726855
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1965
Lot Size3.32 AC / 144,619 SF
CountyLamar County

Building Information for 2180 East Cherry Street

Stories1Residences11Year Built1965Building Size-Lot Size3.32 AC / 144,619 SF

Property Information for 2180 East Cherry Street

Summary
Location and General Information
  • Block: 257
  • Complex Name: None
  • Directions: GPS will take you right to it, but it's about 2 blocks off of NE 20th on the south side of the street.
  • Elementary School: Aiken
  • Elementary School Name: Aiken
  • High School: Paris
  • High School Name: Paris
  • Junior High School: Travis
  • Year Built Details: Preowned
  • School District: Paris ISD
  • Geocode Confidence: High
  • Latitude: 33.66
  • Longitude: -95.53
  • State: Texas
Parking
  • Parking Features: Off Street, On Site
Taxes and HOA Information
  • Tax Legal Description: CITY OF PARIS, BLOCK 257, LOT 2, 2180 E CHERR
  • Association Type: None
  • Tax Lot: 2,3&9
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Heating: Space Heater, Other
  • Interior Features: Cable TV Available
  • Appliances: Electric Range, Gas Range, Refrigerator
  • Cooling: Window Unit(s)
  • Living Area: 6044.0
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Wood
  • Foundation Details: Bois DArc Post, Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 11
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional, Not Assumable, Other
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Acreage, Few Trees, Interior Lot
  • Lot Size Acres: 3.32
  • Lot Size Area: 3.32
  • Lot Size Units: Acres
  • Lot Size Square Feet: 144619.2
  • Multi Parcel ID: Yes
  • Parcel Number: 18167
  • Parcel Number 2: 18168 and 18174
Multi Family
Multi-Family Information
  • Number Of Buildings: 3
  • Capitalization Rate: 11.98%
  • Gross Annual Expenses: $12,646
  • Gross Annual Income: $60,264
  • Insurance Expense: $1,246
  • Net Operation Income: $47,618.00
Unit 1
  • Average Lease Amount: $560.00
  • Kitchen Length: 10.0
  • Kitchen Width: 12.0
  • Living Area Length: 10.0
  • Living Area Width: 12.0
  • Master Bed Length: 10.0
  • Master Bed Width: 12.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 11

Property History for 2180 East Cherry Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2180 East Cherry Street

Taxable ValueLand$15,970Additions$95,130Total$111,100
Tax Record2022$703 ($59 / month)
Home Facts
Total Finished SqFt2,138 SqFtAbove Grade Finished SqFt2,138 SqFtStories1Lot Size4,887 SqFtStyleMulti-Family Dwelling (2-4)CountyLAMARAPN18167

Schools near 2180 East Cherry Street

This home is within Paris Independent School District.
Rating
School
Type
Grades
Distance
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Crockett Intermediate School
Public5 to 6

Paris J High School
Public7 to 8

Paris High School
Public9 to 12

Aikin Elementary School
PublicK to 4

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2180 East Cherry Street is a multi-family home for sale in Paris, TX 75460. This property was listed for sale on September 12, 2024 by Fathom Realty, LLC, it's currently listed at $397,500. This listing's school district is Paris Independent School District. Nearby schools include Crockett Intermediate School, Paris J High School and Paris High School. 2180 East Cherry Street is a 11-bed, 11-bath, 6,044 sqft multi-family home built in 1965.

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 Fathom Realty, LLC, Sam Winkles

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 12/04/2024 03:15 PM