Listing provided courtesy of Dalton Wade, Inc.- MLS# 21289495MLS ProviderContact Information: Rebecca Smith

5256 County Road 803Joshua, TX 76058

Multi-Family · 16 Beds · 16 Full Baths · 9,999 Sq. ft. | 7.93 Acres
$2,600,000 Active

5256 County Road 803 Overview

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This exceptional multi-family investment opportunity offers a rare combination of stable income production, newer construction and additional land with future potential. The property consists of four fourplex buildings totaling 16 residential units. All units are currently leased on one-year lease agreements, providing immediate and consistent cash flow. Constructed between 2021 and 2026, the development features modern construction with quality materials and durable finishes for long term ownership and reduced maintenance. The property is serviced by an aerobic septic system. Each unit offers a spacious one-bedroom, one-bath floor plan with vaulted ceilings that create an open and inviting atmosphere. Select units feature beautiful vaulted wood ceilings, while others showcase distinctive vaulted tin ceilings, adding rustic-modern character and architectural appeal throughout the property. Built with durability and convenience in mind, units have stained concrete and tile flooring. Interior wood walls add warmth and charm, creating a custom feel that distinguishes these units from traditional apartment properties. Residents benefit from dedicated utility rooms with full-size washer and dryer connections. All units are equipped with seamless metal roofs for long-term durability and minimal maintenance requirements. Every unit includes a covered two-car carport with concrete parking beneath, while gravel drive access complements the property's rural setting and efficient layout. The additional 6.92 acres of grassland adds substantial value and flexibility to the investment, offering many additional opportunities or long-term land appreciation. Opportunity to buy with additional investment property MLS #21289453.

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5256 County Road 803 Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,999
  • Price/Sq.ft. $260
  • Lot 7.93 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Joshua ISD
  • Middle Or Junior School: Tom and Nita Nichols,Joshua
  • High School: Joshua

Income/Expenses

  • Gross Income: 230400.0
  • Insurance Expense: 8800.0
  • Net Operating Income: 184320.0
  • Operating Expense Includes: Maintenance Grounds,Maintenance Structure,Maintenance,Trash

Building Information

  • Year Built: 2024
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Johnson
  • Postal City: JOSHUA
  • Subdivision Name: Wells Acres

General Information

  • Exclusions: Tenant belongings
  • Listing Terms: Cash,Conventional
  • Parcel Number: 126-3390-01025
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 16
  • Bathrooms Half: 0
  • Bathrooms Total: 16
  • Bedrooms Total: 16

Building Interior

  • Building Area Source: Owner
  • Building Area Total: 9999.0

General Information

  • Appliances: Electric Range,Microwave,Refrigerator
  • Flooring: Concrete,Ceramic Tile
  • Foundation Details: Slab
  • Interior Features: Open Floorplan,Walk-In Closet(s)
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Attached Carport
  • Parking Total: 32.0

Lot Information

  • Lot Size Acres: 7.93
  • Lot Size Area: 7.93
  • Lot Size Square Feet: 345430.8
  • Lot Size Units: Acres
  • Number Of Buildings: 4
  • Water Source: Community/Coop

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Metal

General Information

  • Carport Spaces: 15.0
  • Carport: Yes
  • Covered Spaces: 32.0
  • Number Of Units Total: 16
  • Pool Features: None
  • Sewer: Aerobic Septic
  • Utilities: Electricity Available,Septic Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 16

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5256 County Road 803 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5256 County Road 803 Market Data

Based on the last 30 days in this zip code

$476,142
Average List Price
$172
Average Price per Square Foot
31
Properties Sold
434
Average Days on Market
482
Properties for Sale
Calculations provided by Reliance Network


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