104 Summit StRed Oak, TX 75154

Property Details for 104 Summit St

Year built

1985

Lot size

1.10 AC

Property size (Sq ft)

47,959 SF

Property type

Commercial real estate

Description

This exceptional value-add multifamily investment opportunity consists of three, one-story buildings comprising a twelve-unit quadplex located at 104, 106, and 108 S Summit St, Red Oak, TX 75154. Built between 1985 and 1986, the property sits on a 1.1-acre lot and offers a total of 47,959 square feet, with 13,500 square feet of net rentable space. Currently boasting 100% occupancy as of July 31, 2023, this property presents a significant opportunity for rental income growth. The property is situated in a peaceful residential neighborhood, offering tenants a tranquil living environment while enjoying convenient access to schools, parks, shopping, and dining. Its prime location also ensures easy commuting to surrounding areas and the city center via major roads and highways. The well-maintained exterior and interior contribute to a comfortable and inviting living experience for residents. This is an ideal investment for those seeking a strong cash flow with potential for significant rent upside. The property's solid occupancy rate and convenient amenities make it a highly attractive investment opportunity in the thriving Red Oak, Texas market. This Ellis County location offers a compelling combination of peaceful residential living and easy access to urban conveniences.

Location Insight

City

Red Oak

County

Ellis

State

Texas

Latitude

32.513

Longitude

-96.8069

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