Listing provided courtesy of First-In Realty- MLS# 20887433MLS ProviderContact Information: Kyle Funk - 214-549-9939,214-549-9939

510 Bradburn Rd #510, 512, 514Grand Saline, TX 75140

Multi-Family · 8 Beds · 4 Full Baths · 4,188 Sq. ft. | 0.64 Acres
$420,000 Active

510 Bradburn Rd #510, 512, 514 Overview

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***TRIPLEX***TURNKEY RENTAL PROPERTY***INCOME PRODUCING*** If you are looking to add to your portfolio, then take a look at this oversized, cash flowing property boasting 4,188 square feet over 3 units. This triplex was renovated in 2022 (including roof) and since then the property has had updated plumbing, electrical, paint, made up to code for tenants to lease and many more updates that have receipts. Unit 512 has all new vinyl plank flooring throughout and a completely new bathroom, including shower, tub, vanity and toilet. Units 510 and 512 are currently leased and Unit 514 is now listed for lease after tenant moved out. All units combined leased for $4,075 when fully occupied. There is also room to increase rents going forward. Unit 510 (1,087 square feet) has 2 beds and 2 baths with an attached carport. Unit 512 is the largest unit at 1,775 square feet. This unit has 3 traditional bedrooms and 2 large living areas (the previous tenant used the second living area as a 4th bedroom with its huge closet) and 1 larger bathroom. Unit 514 (1,245 square feet) has 2 bedrooms and 1 bathroom and has a more open floorplan. There are 3 covered parking spaces and 3 additional uncovered parking spaces. Each unit has an assigned covered and uncovered parking space. The backyard is massive and has plenty of room to add additional units for future growth, as it has access to the road. Due to the property only having 1 water meter, the owner has been paying for water, sewage and trash. This can be solved by installing separate submeters and then having tenants paying for all utilities. Tenants pay for electric and internet. There is a community park and community pool within walking distance right across highway 80. The listing agent is also the owner.

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510 Bradburn Rd #510, 512, 514 Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,188
  • Price/Sq.ft. $100
  • Lot 0.64 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Grand Saline ISD
  • Elementary School: Grandsalin
  • Middle Or Junior School: Grandsalin
  • High School: Grandsalin

Income/Expenses

  • Gross Income: 49200.0
  • Insurance Expense: 3460.0
  • Net Operating Income: 40000.0

Building Information

  • Year Built: 1973
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Van Zandt
  • Postal City: GRAND SALINE
  • Subdivision Name: R13381

Tax Information

  • Tax Annual Amount: 8593.0

General Information

  • Exclusions: All of the tenants' personal property.
  • Listing Terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
  • Parcel Number: R000013381
  • Property Sub Type: Triplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Total: 4
  • Bedrooms Total: 8

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 4188.0

General Information

  • Appliances: Dishwasher,Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Built-in Features,Eat-in Kitchen,Granite Counters,Kitchen Island,Open Floorplan,Pantry,Cable TV,Walk-In Closet(s)
  • Levels: One
  • Security Features: Smoke Detector(s)
  • Stories: 1

Unit Information

  • Unit Number: 510, 512, 514

Exterior

Parking Information

  • Parking Features: Attached Carport,Additional Parking,Concrete,Covered,Carport,Detached Carport,Driveway,No Garage
  • Parking Total: 6.0

Lot Information

  • Lot Features: Back Yard,Lawn,Landscaped,Few Trees
  • Lot Size Acres: 0.637
  • Lot Size Area: 0.637
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 27747.72
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Concrete
  • Patio And Porch Features: Covered
  • Roof: Composition,Shingle

General Information

  • Carport Spaces: 3.0
  • Carport: Yes
  • Covered Spaces: 3.0
  • Fencing: None
  • Number Of Units Total: 3
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 514

Unit 3 Details

  • Unit Type: 2 Bedroom
  • Units Total: 510

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 512

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

510 Bradburn Rd #510, 512, 514 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

510 Bradburn Rd #510, 512, 514 Market Data

Based on the last 30 days in this zip code

$442,199
Average List Price
$239
Average Price per Square Foot
11
Properties Sold
117
Average Days on Market
92
Properties for Sale
Calculations provided by Reliance Network


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