113 S Summit Street Red Oak, TX 75154
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Valley Estates
MLS Listing ID 21347820
Sold Date 09/10/26
Bedrooms 4
Full Baths 1
HOA Y/N None
Total Fin. Sqft 3291
Year Built 1994
Annual Tax Amount $9,000
Lot Size 0.266 Acres
Acres 0.266
Property Sub-Type Quadruplex
Property Description
Don't miss this hard-to-find fourplex offering outstanding cash flow potential in a highly desirable location. Conveniently situated near major interstate access, schools, shopping, and employment centers, this property is positioned in a peaceful, well-established neighborhood surrounded by continued residential and commercial growth. The property is 100% occupied with long-term tenants, providing immediate, stable rental income while offering the opportunity for future value enhancement. Current rents present upside potential, with the ability to increase rental income over time to align with comparable market rates.
Each of the four units features a functional 1-bedroom, 1-bathroom floor plan designed for strong tenant demand. Recent capital improvements include new HVAC systems, helping reduce future maintenance costs and improve long-term reliability. Each unit is equipped with an electric stove, appliances providing a low-maintenance and efficient setup for both owners and tenants.
Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing asset with appreciation potential, this well-maintained fourplex offers an excellent combination of location, occupancy, and future growth opportunity.
Location
State TX
County Ellis
Direction follow google maps
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Appliance Dishwasher, Electric Cooktop, Electric Oven, Microwave, Refrigerator
Heat Source Central
Exterior
Utilities Available All Weather Road, City Sewer, City Water, Co-op Electric, Concrete
Roof Type Shingle
Garage No
Building
Story One
Foundation Other
Level or Stories One
Structure Type Brick,Concrete,Wood,Other
Schools
Elementary Schools Wooden
Middle Schools Red Oak
High Schools Red Oak
School District Red Oak Isd
Others
Financing Cash
Bought with Teresa Kelton • Texas Premier Realty
NEARBY SCHOOL & BUSINESS
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