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1512 Cherry Street #2

Pecos, TX 79772

$258,000 Pending

2 units · 2018

Units2
Building area2,254 sq ft
Year built2018
Gross income$39,600/yr
Cap rate13.29% as listed
Parking6 spaces
Lot size0.15 acres
TypeDuplex

What it costs to own

Taxes$3,800 per year
HOANone listed
Operating expenses$5,300 per year — as listed
Insurance$1,500 per year — as listed
Net operating income$34,300 per year — as listed

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

About this home

Owner agent property. Fantastic investment opportunity in Pecos Texas!! Brand new duplexes in excellent area within city limits. 14 already on the ground with 32 remaining. Seller will cooperate with buyers 1031 exchange.
Each unit is 3 bedroom 2 bath 1127 sqft and rents for $1650 per unit. If you haven't done your homework already on the region, you wont be disappointed!!! Pecos is the last housing hub before El Paso, with recent oil discoveries housing is critical for the future.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCeramic Tile
AppliancesDishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan
Interior featuresCable TV Available

Construction materialsConcrete, Rock/Stone, Stucco, Wood
RoofComposition
FoundationSlab
New constructionYes

Lot featuresNo Backyard Grass, Subdivided
FencingNone
Water sourceCity Water, Individual Water Meter
SewerCity Sewer
UtilitiesIndividual Gas Meter

SubdivisionMeadowbrook
Community featuresLaundry

ElementaryBalmorhea
Middle schoolBalmorhea
High schoolBalmorhea
DistrictPecos-Barstow-Toyah ISD

Gross income$39,600 per year
Operating expenses$5,300 per year
Operating includesInsurance, Manager, New Tax
Insurance$1,500 per year
Cap rate13.29% — as listed
Net operating income$34,300 per year

Energy featuresAppliances, Drought Tolerant Plants

MLS #13758476
Source
On the market219 days
CountyReeves

Around this home

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Listing courtesy of Hatchett & Company Real Estate — Paul Waddell.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #13758476. Information last updated March 7, 2022.

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.

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