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7261 State Highway 276 Point, TX $ 1,200,000
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$ 1,200,000 Get more info
7261 State Highway 276
$ 1,200,000
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Share Save

7261 State Highway 276

Point, TX, 75472
$ 1,200,000
Bedrooms7 Baths7.0

Monthly Estimate*

$ 7,486

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Multi-Family Home for sale in Point, TX

for $1,200,000 with 7 bedrooms and 7 full baths. This home was built in 1980 on a lot size of 2.419.

Unique Turn Key opportunity on 2.419 acres ! This 7 unit apartment complex is fully renovated and is at 100% capacity with renters on an annual contract! New Roof, Windows, HVACs, Appliances, Plumbing, Electrical, etc. This property offers something for the Investor and or the owner occupant ! With nearly 1.25 acres of open land with potential for various purposes or buildings, it opens up possibilities for additional income . All 7 units rented-occupied but no long term leases to have to honor! Very attractive cap rate! Email agent for more info!

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

7

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

2.419

Year Built

1980

Town/City

Point

County/Region

Rains

MLS | Web ID

21044847
Features
Interior
Interior Features Decorative Lighting High Speed Internet Available Open Floorplan
Flooring Luxury Vinyl Plank
Basement Y/N 0
Total Units 7
Total Baths 0
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General
Heating Central Electric
Complex Name Lake Point
Cooling Central Air Electric
Utilities Aerobic Septic Co-op Electric Co-op Water Gravel/Rock Septic
Possession Closing/Funding Negotiable
Roof Metal
Appliances Dishwasher Electric Range Microwave Refrigerator
Number of Garage Spaces 0
School District Rains ISD
Pool Y/N 0
Year Built 1980
Levels One
Property Subtype Apartment
Subdivision Name Brook Thomas D
Occupant Type Tenant
County Rains
Property Type Residential Income
Construction Materials Siding
Year Built Details Preowned
HOA Type None
Special Notes Aerial Photo Survey Available
# of Buildings 2
Status Active
Directions GPS From Quinlan East on SH 276 for approx.14 miles. From Emory West on SH 276 for approx. 6 miles- One mile west of FM 47 intersection.
City Point
Elementary School Name Rains
High School Rains
Elementary School Rains
Standard Status Active
Junior High School Rains
Listing Terms 1031 Exchange Cash Conventional
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Exterior
Waterfront 0
Lot Features Acreage Few Trees
Parking Features Gravel Open Parking Lot Unpaved
Foundation Slab
Building Area Total 5984.00
Garage Y/N 0
Attached Garage Y/N 0
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Internal Only
Street Number 1 7261
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* Excluded Features
List By
Michael Barakatt

Listing Agent

Coldwell Banker Apex, Realtors

Broker

Affordability Calculator

$7,486
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
287529 Elementary School
3676471 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/2/2025$1,200,000 Listed Price

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7261 State Highway 276, Point, TX, 75472 is a Multi-Family Home for sale at $1,200,000 with a lot size of 2.419. 7261 State Highway 276 has 7 bedrooms, 7.0 baths, and was built in 1980. The property's zip code is 75472 which is in Point, TX

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