11 months on rocket

311 W Franklin St, Alvord, TX, 76225

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
Multi

Location

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311 W Franklin St, Alvord$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOpen, Parking Pad, Unpaved
Year Built1941
HeatingCentral, Electric
CoolingCentral Air, Electric, Multi Unit(s)
MLS #20488145
Lot Size0.32 Acres
StatusActive

About 311 W Franklin St

Welcome to this versatile income producing property with a rich history. Located in Alvord, TX., this property offers an incredible opportunity for entrepreneurs and business owners seeking a great location for their venture. The apartments feature A cozy 2 bed, 1 bath unit with a contemporary kitchen, spacious living area, and well-appointed bedrooms, and the larger 3 bed 2 bath unit has an updated kitchen. Currently, both units are leased out, generating a steady stream of income, and an excellent opportunity to build equity and wealth. Also, formerly a successful hair salon, the layout of the commercial space is adaptable for various business types. It is situated in a high-traffic area, ensuring maximum visibility and foot traffic. Whether it's a salon, boutique, or office space, this property is ready to accommodate your vision.

Property Details

Property Features

Property Information:

  • Year Built: 1941

Listing Office:

  • Office Name: Tomie Fox Real Estate Group, Parker Properties Real Estate
  • Office Phone: (940) 210-8088, (940) 627-9040
  • Listing Agent: Tomie Fox, Lana Hamblin

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Flooring Type: Ceramic Tile
  • Interior: Built-in Features, Decorative/Designer Lighting Fixtures, Other

Exterior Features

Parking Information:

  • Parking: Open, Parking Pad, Unpaved

Virtual/3D Tour

  • Virtual Tour: 311 W Franklin St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric, Multi Unit(s)

School Info

Assigned Schools Information:

  • Alvord High School, Public District Grades 9-12
  • Alvord Middle School, Public District Grades 6-8
  • Alvord Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: MAPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000

Tax Information:

  • Annual Amount: $3,030
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Alvord, TX.

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Alvord, TX

City

Med. List Price

$399.5K

Med. Price/SqFt

$220

Avg. Days On Market

144

# of Sold Homes

1

311 W Franklin St vs Alvord

332 DAYS ON ROCKET

+188 Days

$499,000

+$99.5K More

KEY TAKEAWAY

This property is $99.5K more than the Median List Price in Alvord, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20488145

Listing Office:

  • Office Name: Tomie Fox Real Estate Group, Parker Properties Real Estate
  • Office Phone: (940) 210-8088, (940) 627-9040
  • Listing Agent: Tomie Fox, Lana Hamblin

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/4/2024, 11:55:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,030$142,260
2020$929$119,390
2019$958$42,010
2018$958$40,500
2017$778$32,540

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1812036
5
/10

  • Alvord Elementary School

  • 711 W Stadium Dr

  • 0.25 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1812037
8
/10

  • Alvord Middle School

  • 328 S Fm 1655

  • 0.65 miles

  • Public District Grades 6-8

High School

school-card-donut-1812038
5
/10

  • Alvord High School

  • 1049 W Bypass 287

  • 0.60 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,816. Residents of Alvord, TX typically earn between $35k-100k each year. The most common type of family is married, with kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Wise County›Alvord›76225›311 W Franklin St

This home is located at 311 W Franklin St in Alvord, TX and zip code 76225. This home, which was built in 1941, sits on a 0.32 acre lot. It has been listed on Rocket Homes since December 08, 2023 and is currently priced at $499,000.

The inventory of homes for sale in Alvord, TX between September 2024 and October 2024 decreased by 3.1%. While the average time on the market in October 2024 was 144 days, the median list price was $399,500.

From Rocket Homes Real Estate and based on county public records data.

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