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7544 US HIGHWAY 69 Highway

Alba, TX 75410

$500,000

4 units · 2000

Units4
Building area2,016 sq ft
Year built2000
Gross income$42,600/yr
Cap rate5.99% as listed
Parking2 spaces
Lot size9.293 acres
TypeResidential Income

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$8,088 per year — as listed
Insurance$4,555 per year — as listed
Net operating income$29,957 per year — as listed

About this home

INVESTMENT AND INCOME OPPORTUNITY ON HWY 69! Owner financing available! This versatile property offers multiple existing rental income streams along with excellent potential for future expansion. The property currently features three occupied studio units, each offering 1 bedroom, 1 bathroom, and heating and cooling, with current rents of $600, $650, and $700 per month. A separate 3 bedroom, 2 bathroom home is also currently rented for $1,600 per month, bringing total existing rental income to approximately $3,550 per month.

Adding even more opportunity, an additional structure on the property could potentially be finished out for another residential rental, office, business, or other income-producing use. Pre-existing utility infrastructure provides a valuable head start for expanding the property with additional units and increasing future rental income.

With established tenants, multiple income-producing units, Highway 69 frontage, and room to grow, this property presents an exciting opportunity for investors looking to acquire an existing rental operation with additional value-add potential. Continue operating the current rentals while exploring expansion, additional residential units, or commercial possibilities to maximize the property's income potential.

The details

HeatingFireplace(s)
CoolingWindow Unit(s)
FlooringOther
AppliancesOther
Interior featuresOther

Construction materialsBrick, Other
RoofMetal
FoundationPillar/Post/Pier

Lot featuresAcreage, Many Trees, Tank/ Pond
FencingBarbed Wire
SewerAerobic Septic
UtilitiesNatural Gas Available

ElementaryAlbagolden
Middle schoolAlbagolden
High schoolAlbagolden
DistrictAlba-Golden ISD

Gross income$42,600 per year
Operating expenses$8,088 per year
Operating includesCapital Improvements, Maintenance, Mortgage/Loans, Utilities
Insurance$4,555 per year
Cap rate5.99% — as listed
Net operating income$29,957 per year

MLS #21397839
Source
On the market1 day
CountyWood

Around this home

One moment…

Everyday life

Nearest groceryDollar General · 3.0 mi
Nearest parkAlba City Park · 3.3 mi

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Listing courtesy of Marksman Management, Real Estate & Auction — Alex Chapa.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21397839. Information last updated October 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.

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