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Jenny Adams

jenny.adams@engelvoelkers.com +1(469) 688-2105

$ 1,650,000

Est. payment -/mo

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717 E Texas Street Grapevine, TX 76051

18 Beds

10 Baths

0.46 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision College Heights Add

MLS Listing ID 21135288

Bedrooms 18

Full Baths 10

HOA Y/N None

Total Fin. Sqft 8120

Year Built 1963

Annual Tax Amount $15,498

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Apartment

Property Description

Investor Opportunity – 8-Unit Apartment in Grapevine! Located near Historic Downtown Grapevine, this fully occupied 8-unit multifamily property offers a rare opportunity to acquire a stabilized, income-producing asset in one of the area's most desirable rental markets. The property consists of two quadraplex buildings on one tax ID, providing efficient operations and long-term investment appeal. The unit mix includes a combination of 2- and 3-bedroom floorplans, offering functional layouts that appeal to a wide tenant base. All units are currently leased, allowing investors to step into immediate cash flow with minimal disruption. Residents enjoy convenient access to downtown Grapevine's restaurants, shopping, and entertainment, as well as major employment corridors and transportation routes. Strong occupancy, proven rental demand, and a prime Grapevine location make this property a compelling option for local investors, portfolio buyers, and 1031 exchange opportunities. This is a rare chance to own a small-scale apartment asset in a high-demand submarket with long-term upside. Property has been operated as part of a larger multifamily portfolio. Income is supported by current rent rolls. Certain operating expenses have historically been shared at the portfolio level and have been normalized for stand-alone review. Detailed financial information, including rent rolls and portfolio T-12, is available upon request and subject to buyer due diligence. ***Seller Financing NOT available***

Location

State TX

County Tarrant

Direction GPS

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Carpet, Vinyl

Appliance Disposal, Electric Range, Refrigerator

Heat Source Central, Electric

Exterior

Utilities Available Cable Available, City Sewer, City Water, Community Mailbox

Roof Type Composition

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Siding

Schools

Elementary Schools Cannon

Middle Schools Grapevine

High Schools Colleyville Heritage

School District Grapevine-Colleyville Isd

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21135288

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

Listed by Kelsey Cretsinger • Bray Real Estate-Ft Worth

Jenny Adams

Advisor | License ID: 0556782

+1(469) 688-2105

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