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$5,000,000

2470 N Trinity St, Decatur, TX, 76234

On MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths1,595 Sq Ft
Multi FamilyMulti Family
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringOther

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size6.76 acres

Building Information

Year Built1955
Stories1
Roof Type158
Garage Spaces4

Land Information

APNA0067.0001.00
SubdivisionA-67 Jm Birdwell
Land UseResidential
Legal DescriptionA-67 JM BIRDWELL 6.7630 ACRES
Census Tract150202
Assessed Land Value$241,094
Assessed Improvement Value$3,631,327
Assessment Year2025

About this property

THE DEVELOPMENT SITS ON 6.73 ACRES CURRENTLY CONFIGURED WITH 9 SINGLE FAMILY HOMES, 7 APARTMENT UNITS AND ONE OFFICE WITH HISTORICALLY HIGH OCCUPANCY. A PORTION OF THE PROPERTY REMAINS UNDEVELOPED AND CAN BE DEVELOPED IF ANNEXED INTO THE CITY AND SEWER TIED IN. DECATUR IS STRATEGIC NORTH TEXAS LOC ATION APPROXIMATELY 30 MINUTES WEST OF DENTON, 40 MINUTES NORTH OF DOWNTOWN FORT WORTH, AND 45 MINUTES NORTHWEST OF DFW INTERNATIONAL AIRPORT. DECATUR IS THE COUNTY SE AT OF WISE COUNTY WITH EXCELLENT REGIONAL ACCESS POSITIONED ALONG THE US-81-287 AND HWY 380 CORRIDORS. BUILDINGS WERE BUILT BETWEEN 2020 TO 2024. THE ORIGINAL HOUSE WAS BUILT IN 1955.

Investor Tools

$1,359,343Estimated Mortgage Balance
$2,520,994Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$30,000 /month
Positive
Cash Flow Estimate:
$10,000 /month

Interested in this property?

Brandon Scott

Slate Real Estate Co., LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,241/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$43,533
$3,872,421
2025
$241,094
$3,631,327
$3,872,421
No

Tax History

Year
Tax Paid
Assessed Value
2024
$43,533
$3,872,421

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Bank Na
Building Or Construction Loan
$1,500,000
No
First
Jun 10, 2021
Jun 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,359,343
$2,513,078
64%
35%
$8,994/mo

City: Decatur

2470 N Trinity St | Property Details | No Agent List