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106 Melody Lane

Wills Point, TX 75169
  • $1,100,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 20280214
UPDATED: 28 min ago
$1,100,000
  • 32
    BEDS
  • 1.16
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:
Area:

School Information

High School:
School District:
Offered by Mark Allen of Onyx Legacy Realty Llc: [IDXCONTACTINFORMATION].

Description

The Onyx Legacy Group is proud to announce our newest listing the Melody Lane Apartments, located at 106 Melody Lane Wills Point, TX. Approximately 50 mins from downtown Dallas. This 16-unit apartment building was built in 1975, on a 1.16-acre property consisting of 2 buildings housing 8 units in each building. All of the units are identical in size, consisting of 16 2-bedroom 1-bath units at approximately 838sf each. Current ownership has done some interior capex to units as they come vacant. The next investor can continue this path by improving not only the interior as well as the exterior of the property. Current ownership plans to begin billing back a fixed amount of $12 monthly for water expenses. Reported Ability to Build 8 an Additional Units on The Property. The next owner can also include property signage that is visible from Highway 64 (Corky Boyd RD).COURTLAND CHARLES FOR ALL QUESTIONS & INQUIRIES at Two One Four, Four Zero Three, Nine One Five Three.

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© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Russell Realty Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Russell Realty Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-06-01T21:42:16.427.
www.russellhouses.com/homes/138400425
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106 Melody Lane Wills Point, TX 75169

  • Price: $1,100,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 28 min ago
  • MLS #: 20280214
32
Beds
16
Baths
0
½ Baths
1.16
Acres
1975
Built
Neighborhood:
Melody Lane
County:
Van Zandt
Area:
Wills Point
High School:
Willspoint
School District:
WILLS POINT ISD
Property Description
The Onyx Legacy Group is proud to announce our newest listing the Melody Lane Apartments, located at 106 Melody Lane Wills Point, TX. Approximately 50 mins from downtown Dallas. This 16-unit apartment building was built in 1975, on a 1.16-acre property consisting of 2 buildings housing 8 units in each building. All of the units are identical in size, consisting of 16 2-bedroom 1-bath units at approximately 838sf each. Current ownership has done some interior capex to units as they come vacant. The next investor can continue this path by improving not only the interior as well as the exterior of the property. Current ownership plans to begin billing back a fixed amount of $12 monthly for water expenses. Reported Ability to Build 8 an Additional Units on The Property. The next owner can also include property signage that is visible from Highway 64 (Corky Boyd RD).COURTLAND CHARLES FOR ALL QUESTIONS & INQUIRIES at Two One Four, Four Zero Three, Nine One Five Three.
Exterior Features

Construction Brick Foundation Pillar/Post/Pier Parking Or Garage Community Structure Parking Spaces 32 Pool On Property No Roof Metal

Interior Features

Appliances DishwasherDisposalGas Cooktop Cooling Central Air Handicap YN No Heating Central Interior Features High Speed Internet Available

Property Features

Building Area Source Public Records Building Area Total 13408.00 Complex Name Melody Apartments Construction Status Preowned Gross Annual Expenses 116694.15 Gross Annual Income 67973.74 HOA None Insurance Expense 7260 Junior High School Name Willspoint Levels Two List MLSProvider Metrotex Association Of Realtors Municipal Utility District No Net Operation Income 48720 Possession Closing/Funding Property Type Multi Family Utilities City SewerCity Water Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Russell Realty Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Russell Realty Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-06-01T21:42:16.427.
 
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Russell Realty Group
201 W Virginia St Suite 100
McKinney TX, 75069
Offered by Mark Allen of Onyx Legacy Realty Llc: [IDXCONTACTINFORMATION].