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1505 N Bus 287

Decatur, TX 76234

4 beds
2 baths
– sqft
16,160 sqft lot
2008 build
– on site

Seller will carry 1st, for qualified buyers. 100% Leased, income producing full duplex in the flourishing town of Decatur. Located 35 min north of Ft. Worth & 30 min west of Denton, Decatur is known for its small-town charm & city conveniences. Duplex built in 2008, well insulated & well maintained. Each unit is 2 bed, 1 bath spacious layout of 908sf, covered porches & expansive (unfenced) yards. Duplex sits side-by-side with a similar duplex that is also for sale. MLS#20513584. Large concrete driveway, with generous parking area services both duplex buildings. 1505 on left. 1509 on right. Seller would prefer to sell both duplex buildings to same buyer. This listing is for 1 duplex building, with 2 units. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rental homes to keep up with population growth. This investment property has a very bright income-producing future! Seller will replace roof prior to closing.

Listing courtesy of NTREIS / AirSpace

Last checked: Checking… • Last updated Apr 29, 2024 •

MLS# 20513400 —

The Building

Year Built:

2008
Year Built Details:

Preowned
Accessibility Features:

No
Roof:

Composition
Foundation Details:

Slab
Levels:

One
Construction Materials:

Siding
Building Area Total:

1808.00
Building Area Source:

Appraiser

Interior

Interior Features:

Cable TV Available, High Speed Internet Available
Flooring:

Carpet, Laminate

Location

Directions:

From downtown Ft. Worth, Take US-287, N-US-81 N to Wichita St in Decatur, approximately 35 miles. Turn right onto Wichita St. Turn left onto Bus 287 BUS. Property is on left. Large open concrete driveway leads to two buildings. 1505 is on left. 1509 is on right, and is also for sale.
Latitude:

33.24670200
Longitude:

-97.60237700

The Property

Property Type:

Residential Income
Property Subtype:

Duplex
Parcel Number:

D2870010200
Lot Size:

Less Than .5 Acre (not Zero)
Lot Size SqFt:

16160.7600
Lot Size Acres:

0.3710
Lot Size Area:

0.3710
Lot Size Units:

Acres
Lot Size Source:

Appraiser
Exclusions:

Tenant personal items, including all washers, dryers & fridges.
Fencing:

None
Exterior Features:

Covered Patio/Porch
# of Buildings:

1
Waterfront:

No
Will Subdivide:

No

Listing Agent

Contact info:

Taxes

Tax Lot:

2
Tax Block:

1
Tax Legal Description:

LOT 2 BLK 1 TWO SPENCE PLACE

Beds

Bedrooms Total:

4

Baths

Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/ntreis/20513400
Buyer's Brokerage Compensation:

2

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Asphalt, City Sewer, City Water

Appliances

Appliances:

Dishwasher, Disposal, Electric Range

Schools

School District:

Decatur ISD
Elementary School:

Young
Elementary School Name:

Young
Middle School Name:

Decatur
High School Name:

Decatur

The Community

Subdivision Name:

Two Spence Place
Senior Community:

No
Pool:

No
Association Type:

None
Complex Name:

Duplex

Parking

Garage:

No
Attached Garage:

No
# of Parking Spaces:

4
Parking Features:

Driveway, Oversized

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
3/11/24 Mar 11, 2024	Listed / Active	NTREIS	$400,000
2/29/24 Feb 29, 2024	Sold Subject To Contingencies	NTREIS	$400,000
1/20/24 Jan 20, 2024	Listed / Active	NTREIS	$400,000

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This multifamily located in Decatur, TX 76234 is currently for sale for $400,000. 1505 N Bus 287 is a – square foot multifamily with 4 beds and 2 baths that has been on Estately for 111 days. This multifamily is in the attendance area of Decatur High School.

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