105 W North Street new Save Request In-Person Tour Request Virtual Tour
Itasca,TX 76055
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Itasca Ot
MLS Listing ID 21090224
Bedrooms 2
Full Baths 2
Half Baths 1
Year Built 2025
Annual Tax Amount $1,544
Lot Size 7,492 Sqft
Property Sub-Type Apartment
Property Description
Completed in September 2025, this new construction 5-plex in Itasca, TX offers investors a rare opportunity to own a fully leased, income-producing property with minimal maintenance. Each of the five units features 2 bedrooms with private ensuite bathrooms, a half bath downstairs, and an open-concept living area with granite countertops throughout. Kitchens include a refrigerator, electric range, and microwave, plus washer, dryer hookups for tenant convenience. Built with durable board and batten siding and modern finishes, these units attract strong, long-term tenants. All five units are leased on 12-month agreements of approximately $1,450 per month, providing a gross annual income of approximately $87,000 and an estimated 10% gross ROI based on the $795,000 list price. Conveniently located within Itasca city limits near I-35, this property sits between DFW and Waco, making it ideal for commuters and investors seeking growth in a small-town market. This is a true turnkey investment—new construction, fully leased, and ready to generate income from day one.
Location
State TX
County Hill
Interior
Heating Electric
Cooling Electric
Flooring Laminate
Exterior
Utilities Available Asphalt,City Sewer,City Water,Electricity Connected
Roof Type Composition
Building
Story Two
Foundation Slab
Structure Type Board & Batten Siding
Schools
Elementary Schools Itasca
Middle Schools Itasca
High Schools Itasca
School District Itasca Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21090224