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137 County Road 3351 Paradise, TX 76073

12 Beds

9 Baths

8,180 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,180 sqft

Subdivision Gillespie Add

MLS Listing ID 21270049

Bedrooms 12

Full Baths 9

HOA Y/N None

Total Fin. Sqft 8180

Year Built 2020

Annual Tax Amount $10,398

Lot Size 2.820 Acres

Acres 2.82

Property Sub-Type Multiple Single Units

Property Description

Rare opportunity to own a private residence AND established income-producing property on 2.82 acres in Paradise! The property features a beautiful 3,500-square-foot main home built in 2021, plus three separate duplexes offering six rental units and approximately 4,680 additional square feet of living space. The duplexes currently generate $97,200 in annual gross rental income, providing a unique opportunity to enjoy country living while producing substantial rental income on the same property. The main residence offers 4 bedrooms, 3 bathrooms, spacious living areas, a fireplace, vinyl plank flooring and two tankless water heaters. The rental portfolio consists of two 2-bedroom units and four 1-bedroom units, each with its own living space. All three duplex buildings feature tankless water heaters. The property is served by a private well with water softener and 1,000-gallon storage tank. With approximately 8,180 square feet of combined residential space, six income-producing units and a newer primary residence, this property offers incredible flexibility for an owner-occupant, investor, multi-generational living or anyone looking to combine home and income in one unique property. Conveniently located in Paradise with easy access to Decatur and the greater DFW area.

Location

State TX

County Wise

Direction 114 W, L Olde Towne Rd, L Schoolhouse Rd, R Sunflower Rd, L Sunflower Rd., L CR 3351, property on the left

Interior

Interior Features Built-in Features, Decorative Lighting, Double Vanity, Eat-in Kitchen, Granite Counters, Kitchen Island, Natural Woodwork, Open Floorplan, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Carpet, Concrete, Luxury Vinyl Plank, Tile

Fireplaces Number 1

Fireplaces Type Propane

Appliance Dishwasher, Electric Oven, Electric Range, Gas Cooktop, Microwave, Tankless Water Heater, Water Softener

Heat Source Central

Exterior

Carport Spaces 2

Utilities Available Co-op Electric, Electricity Connected, Propane, Septic, Well

Roof Type Metal

Total Parking Spaces 2

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Board & Batten Siding,Metal Siding,Rock/Stone

Schools

Elementary Schools Paradise

Middle Schools Paradise

High Schools Paradise

School District Paradise Isd

Others

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21270049

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Brittany Allred • Compass RE Texas, LLC

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Broker | License ID: 01932176

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137 County Road 3351 Paradise, TX 76073

Key Details

Location

Interior

Exterior

Building

Schools

Others

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137 County Road 3351