← All homes

114 Ash Street

Paradise, TX 76073

$1,799,000

8 units · 2020

Units8
Building area9,999 sq ft
Year built2020
Gross income$179,940/yr
Cap rate3.09% as listed
Parking16 spaces
Lot size1.58 acres
TypeApartment

What it costs to own

Taxes$13,177 per year
HOANone listed
Operating expenses$3,599 per year — as listed
Insurance$11,648 per year — as listed
Net operating income$55,658 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

ENTIRE RENTAL PROPERTY PORTFOLIO OF MOSTLY NEW & UPDATED PROPERTIES WITH NEAR FULL OCCUPANCY OFFERED FOR SALE on Ash Street in Paradise, Texas. 5 separate structures consisting of: (1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation. This home has been taken down to the studs with much new (see Transaction Desk for list) and is currently ready for drywall! Paradise is one of Wise County's fastest growing towns and has widely sought after A-Rated schools. This portfolio has a fabulous cash flow and an alluring cap rate. Built and owned by a custom home builder, there are many tasteful details throughout - Granite countertops, hardwood and tile finishes, large walk-in closets, elegant lighting, fixtures and more. You must truly see to appreciate this great package. This portfolio MUST be sold together. Contact list agent for more details. Option exists for additional SFR and 1.959ac plus or minus directly across the street at 102 N. Mesquite St. (MLS#21072318). Plans already exist for multiple quadplexes in this location or a new owner can build to suit. Seller is a builder and developer and willing to bid or build anything a new owner's heart desires. It's hard to get a good return on your investment in today's economy. If you've wanted to get into rental real estate, this is a wonderful opportunity with LOADS of potential for growth in all the right directions! Full financials and all info can be fully furnished upon request. Drive link with many additional photos of all units available upon request.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank, Painted/Stained, Varies
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
Interior featuresDecorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Bathrooms17 full · 2 half

Construction materialsBoard & Batten Siding, Fiber Cement
RoofComposition
FoundationPillar/Post/Pier, Slab

Lot featuresAcreage, Adjacent to Greenbelt, Agricultural, Cleared, Interior Lot, Landscaped, Level, Lrg. Backyard Grass, Other
FencingBack Yard, Cross Fenced, Fenced, Privacy, Wood
Water sourceCity Water
SewerAerobic Septic
ElectricElectricity Available, Electricity Connected

SubdivisionOriginal Town Paradise

ElementaryParadise
Middle schoolParadise
High schoolParadise
DistrictParadise ISD

Gross income$179,940 per year
Operating expenses$3,599 per year
Operating includesMaintenance, Other
Insurance$11,648 per year
Cap rate3.09% — as listed
Net operating income$55,658 per year

MLS #21071514
Source
Price changeReduced by $196,000 · Jul 17, 2026
On the market360 days
CountyWise

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 6.2 mi
Nearest parkHarwood Park · 5.5 mi

Your places stay on this device. We never sell or share them. Read the full privacy policy

Place directory © OpenStreetMap contributors.

Listing courtesy of Buy Wise Real Estate — Shari Guess.

Robert LewisStephen LewisRobert & StephenInk Realty Group

Want the full story on this home?

What a listing cannot tell you: the street, the timing, the leverage. That is our work.

Ask about 114 Ash Street Text Robert & Stephen

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21071514. Information last updated September 21, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

Scroll to Top