1231 W Morton St Unit 1231, Denison, TX 75020
- $1,050,000
- 24
- BD
- 12
- BA
- List Price
- $1,050,000
- MLS#
- 21191195
- Status
- ACTIVE
- Type
- Condo
- Subtype
- ResidentialIncome
- Year Built
- 1955
- Construction Status
- Preowned
- Bedrooms
- 24
- Full Baths
- 12
- Acres
- 1
- County
- Grayson
- City
- Denison
- Subdivision
- Millers 2nd Add
- Building Name
- Morton St Duplexes
Property Description
Rare opportunity to acquire a 12-unit multifamily property in a high-demand North Texas rental market with immediate upside potential. This property in Denison consists of six duplex buildings, offering operational efficiency, diversified income streams, and strong tenant appeal. Positioned on W Morton Street with excellent access and visibility, the asset is strategically located near downtown Denison, retail corridors, schools, and major commuter routes—driving consistent rental demand. Six duplexes, 12 units. Two units updated with high end finishes, granite, hardwood, stainless appliances, windows, HVAC, detached 2-car garage. Remaining 10 units include upgrades and repairs, hardwood, ample parking and tenant paid utilities. Room for value add presents greater rental upside with full rehab. Very convenient proximity to Denison and Lake Texoma visitors.
Additional Information
- Lot Size
- 43,560
- Acres
- 1
- Interior Features
- Decorative Designer Lighting Fixtures, High Speed Internet, Cable TV
- Flooring
- Tile, Laminate, Wood
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Stories
- 2
- Pool Features
- None
- Parking Garage
- Assigned, Garage
- School District
- Denison Isd
- Elementary School
- Terrell
- Middle School
- Henry Scott, Mcdaniel
- High School
- Denison
- Possession
- ClosePlus30To60Days, CloseOfEscrow, ClosePlus60To90Days, Negotiable
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Listing courtesy of Prasanthi Morusupalli from Powerstar Realty. Contact: 855-659-3400