8601 Highway 199 Highway

Lakeside, TX
$ 2,500,000 Beds 9 Baths 10 Sq 10,200 Virtual Tour
Monthly Estimate* How much can I afford?

Calling All Value Add Investors! Priced to Sell! What an opportunity to own and manage a beautiful piece of property situated right off of Hwy 199 with around 400 feet of highway frontage!Minutes to Fort Worth! Get Ready, this property includes NINE INCOME PRODUCING FULLY LEASED residential units, 32 mini storage units 60% occupied, a 4000 square foot warehouse (vacant), and Fort Worth's former iconic Vance Godbey's restaurant with over 12000 square feet of dining,banquet rooms and tremendous commercial kitchens(now leasing). Around 2.5 acres of 199 frontage comprising large paved lot and beautiful landscaping. Soaring pole sign included. Pro-Forma annual income is close to 300K. Partial Owner Finance Possible!

Multi-Family

  • Price
  • $ 2,500,000
  • Lot Size
  • 5.6 Acres
  • Bedrooms
  • 9
  • Sqr Footage
  • 10,200
  • Full Bathrooms
  • 10
  • Year Built
  • 1963
  • Half Bathrooms
  • 0
  • City, Zip
  • Lakeside
  • Taxes
  • 27000
  • County
  • TARRANT
  • Style
  • MUL-Apartment/5Plex+
  • Area
  • LAKESIDE - VZNDT.PL - ELL.YNG - LKSD.O
  • MLS#
  • 14437376
  • Zip
  • 76135
Listing Provided by: Kristopher Franks with Franks Realty International
Data Source: NTREIS

Features

General

# of Buildings 4
Complex Name Godbey Villas
Construction Materials Block, Brick, Concrete, Frame/Brick Trim, Glass, Metal, Rock/Stone, Steel, Wood
Flooring Brick/Adobe, Ceramic Tile, Concrete, Laminate, Other, Vinyl, Wood
HOA Type None
Heating Additional Water Heater(s), Central Air-Elec, Central Heat-Gas
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available, Wainscoting, Window Coverings
Listing Area FW NW(EAGLE MT.LK/RIV.OAKS/AZLE (109)
Other Equipment Cooktop - Electric, Dishwasher, Oven-Electric, Range/Oven-Electric
Property Type Multi-Family
Proposed Financing Cash, Conventional, Owner Carry First, Owner Carry Second
School District Azle ISD
School Name Eagleheigh
School Name Azle
Stories 3
Sub Area LAKESIDE:VZNDT.PL, ELL.YNG, LKSD.O (11)
Subdivision J Wilcox Surv Abs 1716
Tenancy Month to Month, Over 9 Months, Pet Restrictions
Type MUL-Apartment/5Plex+
Utilities Master Gas Meter, Overhead Utilities, Private Sewer, Private Water, Septic, Well
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14437376
Year Built 1963
Year Built Details Preowned

Interior Features

# of Units 9
Fireplace Stone, Wood Burning
Fireplaces Total 1
Occupancy Rate 100
Sqft Building 10200
Total Bedrooms 9
Unit Count 9

Exterior Features

Exterior Balcony, Covered Porch(es), Deck, Storage Building
Foundation Pier & Beam, Slab
Lake Name Eagle Mountain
Lot Description Acreage, Adjacent to Greenbelt, Landscaped, Lrg. Backyard Grass, Some Trees, Water/Lake View
Lot Size Area 5.600
Lot Size Area 5.600
Lot Size Area (acres) 5.600
Lot Size Area (sq Ft) 243936
Lot Size Units Acres
Number Of Parking Spaces 50
Parking Features Assigned Garage, Attached, Common Lot, Garage

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Lewisville, TX office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Eagleheigh Elementary School
Middle School Azle Middle School
High School Azle High School

Price History

9/19/2020 Listed $2,500,000

Property vs Zip Code Average in 76135

Price
AVG $2.5M
$2.5M
Taxes
AVG $27,000
$27,000
Visits
AVG 706
705
Year Built
AVG 1963
1963

Map

Areas That We Cover

8601 Highway 199 Highway Lakeside, TX is a Single Family Home for sale at $2500000 with 10200 sqft and a lot size of 5.6 Acres Acre(s). 8601 Highway 199 Highway Lakeside has 9 bedrooms, 10 baths and was built in 1963. The property's zip code is 76135 which is in Lakeside, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.