511 John Vernon Lane


    511 John Vernon Lane Euless, TX 76040

    SOLD 7/12/2021

    Market Estimate
    • 22 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 14559000
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    Views: 92

    Property Details


    100% occupied cash-flowing portfolio of investment properties that consists of 7 houses all individually deeded with 1 located in Euless and 6 located in Mesquite and within walking distance of schools and parks. Current ownership has spent over $520,000 in recent capital improvements. All the units are well maintained with a mix built in the '50s and0 '60s and stay full with long-term renters. Each unit is individually metered for electricity and water. The units consist of six 3-bedrooms and one 4-bedroom and average 1,366sf. The houses offer driveways, covered parking on select units, and private fenced back yards. The units rent for $1,543 per mo. on average and tenants pay the utilities individually.

    • General Features
      • Association Type None
      • Complex Name 7
      • County Or Parish Tarrant
      • Energy Saving Features Ceiling Fans,Double Pane Windows
      • Financing Proposed Cash,Conventional,FHA,Other
      • Fireplace Features Brick
      • Fireplaces Total 2
      • Interior Features Cable TV Available,Central Vac,High Speed Internet Available
      • Pool Yn 0
      • Possession 30-60 Days,Closing/Funding
      • Property Sub Type MUL-Multiple Single Units
      • Property Type Multi-Family
      • Security System YN 0
      • SQFT Building 9562
      • Subdivision Name Oak Crest Estates
      • Unexempt Taxes $3,059
      • Utilities Asphalt, City Sewer, City Water, Concrete, Curbs, Individual Gas Meter, Individual Water Meter
      • Year Built 1960
      • Year Built Details Preowned
    • Building Features
      • Beds Total 22
      • Building Area Source Owner
      • Construction Materials Brick,Wood
      • Exterior Features Covered Deck,Covered Porch(es),Gutters
      • Flooring Carpet,Other,Vinyl
      • Foundation Details Slab
      • Full Bathrooms 11
      • Half Bathrooms 1
      • Heating Central Air-Elec,Central Heat-Elec
      • Number Of Buildings 7
      • Number Of Parking Spaces 14
      • Number Of Stories 1
      • Number Of Units 7
      • Parking Features Garage-Attached,Covered
      • Roof Composition
      • Unit Count 7
    • Property Features
      • Fencing Chain Link,Wood
      • Lot Features Acreage,Corner,Landscaped,Lrg. Backyard Grass,Some Trees
      • Lot Number 23R
      • Lot Size .5
      • Lot Size Area 0.218
      • Lot Size Area SQFT 9496.08
      • Lot Size Units Acres
      • Waterfront Y/N 0
    • Schools
      • Elementary School Name Lakewood
      • Junior High School Name Bedford
      • High School Name Bell
      • School District Hurst-Euless-Bedford ISD
    • Additional Features
      • Tax Legal Description OAK CREST ESTATES BLOCK 5 LOT 23R
      • Other Equipment Built-in Microwave,Cooktop - Electric,Cooktop - Gas
      • Occupancy Rate 100
      • Occupancy Tenant
      • Handicap Yn 0


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    Prosperity Home Mortgage, LLC

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    ©2021 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.