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1117 Lakestream Drive

Plano, TX 75075
  • $3,200,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 20055152
Price Reduced
UPDATED: 23 min ago
$3,200,000
  • 24
    BEDS
  • 0.21
    ACRES
  • 14
    BATHS
  • 4
    1/2 BATHS
  • 15,190
    SQFT
  • $211
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1992
County:
Area:

School Ratings & Info

School District:
Offered by Selden Tual of Rogers Healy And Associates.

Description

Incredible investment opportunity to purchase a diverse portfolio of 5 tenant occupied homes in Plano, Dallas, Richardson, and Farmers Branch! Currently occupied by a sober living facility, current owner is looking to sell and lease back for minimum of 3-5 years with increased rents to new owner. 6% cap rate minimally with a net income of over $190,000 annually. Property values in DFW are projected to increase by 12%! Don't miss this opportunity. Addresses are 1117 Lakestream Drive 75075, 4445 Burnhill Drive, Plano TX 75074, 23 Grant Circle, Richardson TX 75081, 10219 Sunridge Trail, Dallas TX 75243, 13375 Glenside Drive, Farmers Branch 75234. Do not disturb tenants.

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© 2022 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 Rafter H Realty. 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 Rafter H Realty 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 2022-05-28T14:41:06.87.
www.rafterhrealty.com/homes/128654762
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1117 Lakestream Drive Plano, TX 75075

  • Price: $3,200,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 23 min ago
  • MLS #: 20055152
24
Beds
14
Baths
4
½ Baths
0.21
Acres
15,190
SQFT
$211
$/SQFT
1992
Built
Neighborhood:
Creekbend Estates Ph 1
County:
Collin
Area:
Plano
School District:
Plano ISD
Property Description
Incredible investment opportunity to purchase a diverse portfolio of 5 tenant occupied homes in Plano, Dallas, Richardson, and Farmers Branch! Currently occupied by a sober living facility, current owner is looking to sell and lease back for minimum of 3-5 years with increased rents to new owner. 6% cap rate minimally with a net income of over $190,000 annually. Property values in DFW are projected to increase by 12%! Don't miss this opportunity. Addresses are 1117 Lakestream Drive 75075, 4445 Burnhill Drive, Plano TX 75074, 23 Grant Circle, Richardson TX 75081, 10219 Sunridge Trail, Dallas TX 75243, 13375 Glenside Drive, Farmers Branch 75234. Do not disturb tenants.
Exterior Features

Construction Concrete Foundation Slab Parking Or Garage Garage Parking Spaces 9 Pool On Property No Roof Composition

Interior Features

Appliances DishwasherDisposalDryerElectric CooktopGas Water HeaterConvection OvenDouble OvenPlumbed For Ice MakerRefrigeratorWater Filter Attached Garage Yes Basement No Cooling ElectricGas Flooring CarpetTileWood Garage Yes Handicap YN No Heating CentralNatural Gas Interior Features Cable Tv AvailableFlat Screen WiringHigh Speed Internet AvailableSound System WiringVaulted Ceiling(S)

Property Features

Building Area Source Assessor Building Area Total 15190.00 Complex Name Sober Living Portfolio Construction Status Preowned Gross Annual Expenses 72609.00 Gross Annual Income 264000.00 HOA None Insurance Expense 13224 Levels Two List MLSProvider Metrotex Association Of Realtors Municipal Utility District No Net Operation Income 191391 Possession Other Property Type Multi Family Senior High School Name Plano Senior Tenancy Other Unexempt Taxes 9691 Utilities City SewerCity Water Will Subdivide Yes

North Texas Real Estate Information Systems MLS logo Listing information © 2022 North Texas Real Estate Information System.


© 2022 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 Rafter H Realty. 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 Rafter H Realty 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 2022-05-28T14:41:06.87.
 
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Rafter H Realty
1308 Delaware Dr
Mansfield TX, 76063
Offered by Selden Tual of Rogers Healy And Associates.