2024 Year Built:

Building or Complex name: Wells Acres Location:

Brick Construction:

Resale Condition:

Refrigerator, Microwave Appliances:

Ceramic tile, Concrete Floors:

Aerobic Septic, Co-op Water Utilities:

Central, Electric Heating System:

Central, Electric, Ceiling Fan Cooling System:

On Slab Basement and Foundation:

Metal Roofing:

32 Number of parking spaces:

15 Number of Carport Spaces:

Attached Carport Carport Description:

602 School District:

Joshua High School:

Tom and Nita Nichols Middle School:

This exceptional multi-family investment opportunity offers a rare combination of stable income production, newer construction and additional land with future potential. The property consists of four fourplex buildings totaling 16 residential units. All units are currently leased on one-year lease agreements, providing immediate and consistent cash flow. Constructed between 2021 and 2026, the development features modern construction with quality materials and durable finishes for long term ownership and reduced maintenance. The property is serviced by an aerobic septic system. Each unit offers a spacious one-bedroom, one-bath floor plan with vaulted ceilings that create an open and inviting atmosphere. Select units feature beautiful vaulted wood ceilings, while others showcase distinctive vaulted tin ceilings, adding rustic-modern character and architectural appeal throughout the property. Built with durability and convenience in mind, units have stained concrete and tile flooring. Interior wood walls add warmth and charm, creating a custom feel that distinguishes these units from traditional apartment properties. Residents benefit from dedicated utility rooms with full-size washer and dryer connections. All units are equipped with seamless metal roofs for long-term durability and minimal maintenance requirements. Every unit includes a covered two-car carport with concrete parking beneath, while gravel drive access complements the property's rural setting and efficient layout. The additional 6.92 acres of grassland adds substantial value and flexibility to the investment, offering many additional opportunities or long-term land appreciation. Opportunity to buy with additional investment property MLS #21289453.