Rare opportunity to own a private residence AND established income-producing property on 2.82 acres in Paradise! The property features a beautiful 3,500-square-foot main home built in 2021, plus three separate duplexes offering six rental units and approximately 4,680 additional square feet of living space. The duplexes currently generate $97,200 in annual gross rental income, providing a unique opportunity to enjoy country living while producing substantial rental income on the same property. The main residence offers 4 bedrooms, 3 bathrooms, spacious living areas, a fireplace, vinyl plank flooring and two tankless water heaters. The rental portfolio consists of two 2-bedroom units and four 1-bedroom units, each with its own living space. All three duplex buildings feature tankless water heaters. The property is served by a private well with water softener and 1,000-gallon storage tank. With approximately 8,180 square feet of combined residential space, six income-producing units and a newer primary residence, this property offers incredible flexibility for an owner-occupant, investor, multi-generational living or anyone looking to combine home and income in one unique property. Conveniently located in Paradise with easy access to Decatur and the greater DFW area.
Property Details
- Interior
- Built In Features, Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Granite Counters, Kitchen Island, Open
- Fireplaces
- 1
- Cooling
- 1
- Heating
- Central
- Cooling Features
- Central Air
- Bedrooms
- 12
- Bathrooms
- 9.0
- Full Baths
- 9
- Acres
- 0.0
- Square Feet
- 8180.0
- Lot Size (sqft)
- 2.82
- Parking Features
- Gravel
- Parking Spaces
- 2
- Parking Type
- Carport
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 2.0
- Property Type
- Multi-Family
- Year Built
- 2020
- Foundation
- Slab
- Roof
- Metal
- Sewer Information
- Septic Tank
- Utility Source
- Well
- Utility Features
- Electricity Available, Electricity Connected, Propane, Septic Available, Water Available
- Appliances
- Dishwasher, Electric Oven, Electric Range, Gas Cooktop, Microwave, Water Softener, Tankless Water Heater
- Subdivision
- Gillespie Add
- School District
- Paradise ISD
- Elementary School
- Paradise
- Middle School
- Paradise
- High School
- Paradise
- County
- Wise
- Region
- Paradise
- Days on Market (Cumulative)
- 114
- Taxes Annual
- $10,398
Location
Legal
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Provided By
Listed by Brittany Allred (#0758007)
Listing Office: Compass RE Texas, LLC (#CMPS02)
