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Owner finance

$500,000

7544 N Us Highway 69

Alba, TX 75410

Sq ft2,016
Year built2000
Rent estimate$2,134/mo
Listed by

Alex Chapa, Marksman Management, Real Estate & Auction · (214) 676-5053

What the listing says

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.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Multi-Family

HOA

None

More owner-financed homes near Alba

Questions about owner financing in Alba

What is owner financing for 7544 N Us Highway 69?

Owner financing means the seller of 7544 N Us Highway 69 acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Alba, TX home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Alba home?

There is no standard down payment. The seller of this Alba home sets their own, and it is negotiable. Ask the seller or their agent.

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