Listing ID: 20026498
Price: $15,200,000
Address: 502 N Oakridge Drive
City: Hudson Oaks
State: Texas
Postal Code: 76087
Bedrooms: 93
Total Baths: 20
Full Baths: 20
SqFt: 60,000
Acres: 6.333
County: Parker
Hudson Oaks
TX
76087
NEW CONSTRUCTION DEVELOPMENT OPPORTUNITY!! This over +55 planned development is a ready to go project consisting of 17 Triplexes, 2 Duplexes, Clubhouse, and swimming pool. Situated on 6.33 Acres in the heart of Hudson Oaks, conveniently located less than a mile away from Walmart, banks, restaurants, and shopping. This property is ready to pull permits and build! Builder is willing to build the project out completely, or you can buy the land, develop and build yourself, see MLS#20026162 for the land listing. There is already heavy interest on this property due to the rarity of the property and location so please don't waste time.

Primary Features

County: Parker
Property Sub Type: Multi Family
Property Type: Residential Income
Subdivision: Oakridge Acres North
Year Built: 2022

Interior

Accessory Unit: yes
Accessory Unit Type: Other
Appliances: Dishwasher, Electric Range, Microwave
Cooling: Central Air
Heating: Central
Interior Features: Cable TV Available, High Speed Internet Available
Levels: One

External

Attached Garage: yes
Construction Materials: Siding, Stone Veneer
Covered Spaces: 55
Foundation Details: Slab
Garage: yes
Horse Permitted: no
Lot Features: Acreage, Corner Lot, Few Trees
Lot Size: 5 to < 10 Acres
Lot Size Area: 6.333
Lot Size Square Feet: 275865.48
Lot Size Units: Acres
Number Of Buildings: 20
Number Of Parking Spaces: 55
Number Of Units Total: 55
Parking Features: Garage
Pool: yes
Pool Features: In Ground
Roof: Composition
Utilities: Asphalt, City Sewer, City Water, Community Mailbox

Location

Association Type: None
Building Area Source: See Remarks
Building Area Total: 60000
Country: United States
Directions: From I-20 Exit onto Hwy 180, Fort Worth Hwy heading west, turn right onto N. Oakridge Dr. property will be on your right at the corner of N. Oakridge Dr. and Red Eagle Trail.
Elementary School Name: Seguin
High School Name: Weatherford
Middle School Name: Tison
School District: Weatherford ISD
Senior Community: yes

Additional

Accessibility Features: no
Complex Name: Oakridge Acres
Consent Required to Record: Video
Dual Variable Compensation: no
Municipal Utility District: no
Notice Surveillance Devices Present: None
Planned Development: Oakridge Acres
Property Match: APN
Second Mortgage: no
Smart Home Features: no
Special Notes: Age-Restricted
Status: Active
Sub Agency Compensation: 2.00
US Property MUI: 407849673
Will Subdivide: Subdivided
Year Built Details: Proposed

Financial

Capitalization Rate: 5.98
Current Price/Lot Size: 2400126.32244
Gross Annual Expenses: 225000
Gross Annual Income: 1134600
Insurance Expense: 45000
Listing Terms: Cash, Conventional
Net Operation Income: 909600
Operating Expense Includes: Maintenance, Maintenance Grounds, Pest Control, Pool/Spa, Trash
Possession: Closing/Funding, Negotiable
Tax Block: 1
Tax Lot: 4
Unexempt Taxes: 5129

Zoning Info


© 2022 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumers personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The offer is made only to Participants of the MLS where the listing is filed. Data last updated: Tuesday, October 4th, 2022 at 10:37:22 AM.
#IDX-primaryPhoto,#idx-details-header Listed by: Jason Ahlers from Jpar Willow Park 5022995841

Contact - Listing ID 20026498

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Rhine Realty

101 E Main Street
Decatur, TX 76234
Phone: 9406269770
Phone Alt: 9406269770

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