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16583 Bowling Ln - 16583 Bowling Ln - Income Producing Property 7 Unit Apartment Building Offered at $899,000 Terrell, TX 75161
Investment Highlights
- Income Producing Property with Extra Land
Executive Summary
EXECUTIVE SUMMARY
PROPERTY OVERVIEW:
Income-producing investment opportunity with future development potential located on approximately 13.96 acres in Terrell, Texas. The
property at 16583 Bowling Lane features a diverse mix of improvements, including five slab-built homes, two trailer homes, and two ponds,
currently generating approximately $4,800 per month in rental income.
This unique asset provides immediate cash flow while offering investors, developers, and owner-operators the flexibility to pursue various value-add
strategies. Potential opportunities include continued rental operations, redevelopment, workforce housing, land banking, or future residential
development, subject to local approvals.
Positioned within one of Kaufman County's growing markets, the property offers convenient access to major transportation corridors and combines
existing income with significant long-term appreciation potential.
legacycommercialgroup.com
PROPERTY HIGHLIGHTS:
Approximately 13.96 acres in the growing Terrell market
Income-producing asset generating approximately $4,800 per month
Five slab-built homes and two trailer homes
Two ponds on the property
Opportunity for redevelopment or future expansion
Potential uses include workforce housing, land banking, or residential development (subject to approvals)
Existing infrastructure and multiple residences already in place
Flexible investment opportunity with value-add potential
Located within the path of growth in Kaufman County
Convenient access to major transportation corridors
Combination of immediate cash flow and long-term appreciation potential
PROPERTY OVERVIEW:
Income-producing investment opportunity with future development potential located on approximately 13.96 acres in Terrell, Texas. The
property at 16583 Bowling Lane features a diverse mix of improvements, including five slab-built homes, two trailer homes, and two ponds,
currently generating approximately $4,800 per month in rental income.
This unique asset provides immediate cash flow while offering investors, developers, and owner-operators the flexibility to pursue various value-add
strategies. Potential opportunities include continued rental operations, redevelopment, workforce housing, land banking, or future residential
development, subject to local approvals.
Positioned within one of Kaufman County's growing markets, the property offers convenient access to major transportation corridors and combines
existing income with significant long-term appreciation potential.
legacycommercialgroup.com
PROPERTY HIGHLIGHTS:
Approximately 13.96 acres in the growing Terrell market
Income-producing asset generating approximately $4,800 per month
Five slab-built homes and two trailer homes
Two ponds on the property
Opportunity for redevelopment or future expansion
Potential uses include workforce housing, land banking, or residential development (subject to approvals)
Existing infrastructure and multiple residences already in place
Flexible investment opportunity with value-add potential
Located within the path of growth in Kaufman County
Convenient access to major transportation corridors
Combination of immediate cash flow and long-term appreciation potential
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,600
|
$17.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,600
|
$17.94
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $17.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $17.94 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $899,000 | Property Type | Multifamily |
| Price Per Unit | $128,429 | Building Size | 3,210 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 7 | Year Built | 1990 |
| Price | $899,000 |
| Price Per Unit | $128,429 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Building Size | 3,210 SF |
| No. Stories | 1 |
| Year Built | 1990 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 9486 | Improvements Assessment | $0 |
| Land Assessment | $640,000 | Total Assessment | $640,000 |
Property Taxes
Parcel Number
9486
Land Assessment
$640,000
Improvements Assessment
$0
Total Assessment
$640,000
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16583 Bowling Ln - 16583 Bowling Ln - Income Producing Property