$397,500
For Sale

2180 E Cherry Street

Paris, TX 75460
6044 sqft | 11 beds | 11 baths | 3.32 acres | #20726855
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

This property features 11 well maintained 1-bedroom, 1-bathroom units spread across three separate buildings, ensuring diverse tenant appeal and steady rental income. Adding further value, the property comes with an extra estimated 2.3 acres and boasts a large barn-shop-storage structure, perfect for extra storage, workshops, or other creative uses.
Tenants are Responsible for electricity and Owner covers water, trash, and gas.
Whether you're an experienced investor or looking to expand your portfolio, this property offers exceptional value with room to grow. Don’t miss out on this rare chance to own a versatile and income-producing asset in a prime location.
Schedule your showing today!

  • Property Details
      • Lot DescriptionAcreage, Few Trees, Interior Lot
      • Utility FeaturesCity Sewer, City Water
      • FoundationBois DArc Post, Slab
      • InteriorCable TV Available
      • SubdivisionCity Of Paris
      • Property TypeMulti-Family
      • School DistrictParis ISD
      • Property SubtypeApartment
      • MLS #20726855
      • MLS #20726855
      • Square Feet6044.00
      • Acres3.3200
      • Cost397500
      • Elementary SchoolAiken
      • CountyLamar
      • Year Built1965
      • Bedrooms11
      • Bathrooms11
      • Full Baths11

Location

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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