$300,000

5223 Marcy Ln

Princeton TX, 75407

Description

9.69% CAP in Collin! Strong cash flowing 8 unit property located 0.5 miles from Lavon Lake on over 1+ acres. Class C property with reasonable of market priced rents that is a CASH COW. around $4000 per month rental income. Multi-unit mix: duplex, SW manufactured home, 4 efficiency buildings (300 sq. ft. structures), and functioning RV. Princeton ISD with stable tenant base. Zoned residential for additional buildings, improvements or pads for RVs or mobiles to further improve land. (Buyer to verify with Collin County). Low risk, high return asset that a savvy investor can overlook the visual obstructions. It sells AS-IS.

Details

MLS#14161410
Sub-TypeResale
StatusActive
Year1970
Days On Site41

Features

SQ Feet2,611
Units6
Building(s)6

Market Activity 75407

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Area Information

StateTX
CountyCollin
CityPrinceton
Zip Code75407
AreaPRINCETON AREA (54)
Listing VS Median (in 75407)
Price:
$300,000
low | high
Med:
$233,445
72.185% of Average
SqFt:
2,611
low | high
Med:
1,733
83.646112600536% of Average
$ / SqFt:
$115
low | high
Med:
$135
32.500192260407% of Average
On Site:
41
low | high
Med:
30.5
100% of Average
Listing Updated: 09/20/2019
MLS Number: 14161410
Listing Provided By:
Wei Xu  of  DFW Home

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.