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18747 FM 2493

Flint, TX 75762

$2,541,000

8 units · 2023

Units8
Building area12,888 sq ft
Year built2023
Gross income$181,992/yr
Cap rate4.93% as listed
Parking16 spaces
Lot size2.068 acres
TypeQuadruplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$62,250 per year — as listed
Insurance$16,140 per year — as listed
Net operating income$125,268 per year — as listed

About this home

The Shires

  • New 8 Unit Townhome Complex. Newly constructed and 100% occupied 8-unit townhome complex in Flint, Texas with value-add upside! Purchasers will have the opportunity to develop 20 more units on an additional 1.5 acres primed for vertical construction. Highlights:
  • Year 1 NOI: $125,268.
  • Additional land + infrastructure for developers.
  • Per Unit: 3 bedroom, 2 bathroom. ~ $1,896 rent per mo. ~ 1,400 SF.
  • 16 parking spots (2 per unit).
  • Modern interior finishes. Contact agent for OM.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringConcrete
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
Interior featuresKitchen Island

Construction materialsSiding
RoofComposition
FoundationSlab
New constructionYes

FencingWood
Water sourceCity Water
SewerCity Sewer

SubdivisionHENRICHSON SUBD

ElementaryOwens
Middle schoolThree Lakes
High schoolTyler Legacy
DistrictTyler ISD

Gross income$181,992 per year
Operating expenses$62,250 per year
Operating includesInsurance, Maintenance, Maintenance Grounds, Maintenance Structure, Manager, Trash, Water/Sewer, Other
Insurance$16,140 per year
Cap rate4.93% — as listed
Net operating income$125,268 per year

MLS #20965019
Source
On the market352 days
CountySmith

Around this home

One moment…

Everyday life

Nearest grocerySuper 1 Foods · 4.0 mi
Nearest parkGreen Acres Recreation Outreach Complex (The ROC) · 1.8 mi

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Listing courtesy of Drake Real Estate — Matthew Marshall.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Nearby in FLINT

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Listing courtesy of RE/MAX Tyler

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #20965019. Information last updated May 28, 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.

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