UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 11,826 sqft
Subdivision A0448
MLS Listing ID 21159583
Total Fin. Sqft 11826
Year Built 1984
Annual Tax Amount $21,046
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Business
Property Description
This 12-unit apartment complex sit on an expansive 5-acre tract across from the country club, offering endless possibilities for investors and developers. With ample room for expansion, additional units, or future development, this property presents a rare opportunity to increase value and maximize long-term returns.
Nestled in a growing area of Kemp, the property offers a blend of privacy and accessibility, making it attractive for tenants seeking space while remaining close to town amenities. The generous acreage provides flexibility for redevelopment, adding amenities, or exploring alternative income producing uses (buyer to verify).
Whether you're looking to expand your rental portfolio, develop further, or reforming the property's full potential, this unique multi-family asset delivers space, opportunity, and upside all in one package.
Some are 1 bedroom and some are two bedroom. Some have fireplaces.
Building#1: Units #1090-1120 800SqFt.
Building #2: Units #1050-1080 1026SqFt.
Building #3: Units #1010-1040 913SqFt.
All units vary with size, features, and current lease amount.
Location
State TX
County Kaufman
Zoning Commercial
Direction GPS.
Interior
Heating Central
Cooling Central Air
Flooring Combination
Heat Source Central
Exterior
Utilities Available All Weather Road, Electricity Connected, MUD Water, Septic
Roof Type Asphalt
Garage No
Building
Lot Description Acreage, Many Trees, Pasture
Foundation Slab
Structure Type Siding
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Aerial Photo
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21159583
NEARBY SCHOOL & BUSINESS
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