Income Producing Ranch! We currently have 11 rentals on the property that generates approximately $15,700 per month! The entire property consists of 98+ acres of secluded, peaceful rolling hills with trees, pastures, hay meadows, and a lake. The 10-acre lake has bass and crappie fish. The lake was established in 1888 and is fed by 13 springs. Asking price is $5,000,000. Finder's fee available.
Four New Duplexes
Duplex 1 generates $3000 in rental income. Finished October 2021.
Duplex 2 generates $3400 in rental income. Finished August 2022.
Duplex 3 generates $3600 in rental income. Finished January 2024.
Duplex 4 (under construction). All utilities, electricity, water, and septic in place.
Duplex 5,6,7 have water and electricity in place.
All the duplexes are built with quality materials; Anderson windows, American Standard a/c & heating systems, tile showers, new appliances, 9 cei...
All the duplexes are built with quality materials; Anderson windows, American Standard a/c & heating systems, tile showers, new appliances, 9 ceilings, 2x6 walls, spray foam attic insulation, blown-in wall insulation, wrap around concrete sidewalks, privacy front and rear porches. When construction begins on duplex 4, the asking price for the ranch will increase to reflect those improvements.
Apartment Building
The apartment building has four apartments that generates $4200 rental income. The apartment building measures 48' and 83'. The building was completely remodeled in 2018. The four apartments have new windows and doors, American Standard a/c & heat, new aerobic septic system, new appliances, hardy plank exterior, front and rear concrete porches. There is covered parking for six vehicles.
Lake House Rental
A house with 2 bedrooms & 2 baths that generates $1500 rental income.
The 2 bedroom & 2 bath house sits by the lake. The house has a double car detached garage, a four car carport, small covered rear patio area, and an RV pad. Very private and peaceful. The windows were replaced in 2016 and two automatic thermostat control attic fans were installed and a new electrical panel in 2018.
The Main house is 4500 sq ft one story house that sits next to the lake with a large deck area and an in-ground 10 ft deep (diving) pool in the back. This house could generate approximately $2000-2500 per month if rented. Currently, the owners live there and manage the ranch. You can fish off the deck or bridge. There are 4 bedrooms and 3 full baths. The master bedroom and bathroom is huge, overlooking the lake with private entrance to the outside, and two huge walk in closets. There is a large kitchen, eating area, two living rooms, and a formal dining area. There are three fireplaces and a four car detached carport with storage.
The 4-Stall Horse Barn could also generate income. It is 2880 sq ft complete with canopy, double stall doors, round pen, hot-walker, shoo-fly spray system, washer, tack-room and three pipe fenced areas with 1000 sq ft double sided lofting shed.
The 72' x 52' equipment garage/barn building has a concrete floor; used for a shop, equipment, and storage. It is plumbed for toilet & shower. We are currently building two small apartment inside. There are two sliding doors, one on each side to drive equipment into the building.
This property is truly a unique place. We would consider a trade. We would consider owner financing. We would consider partnership to invest for building more duplexes; we have the land, electric power, and water meters in place. Serious, qualified buyers only. Call Laura on her cell phone (903-945-6023) or email.
The ranch is located approximately two miles from downtown Sulphur Springs, Wal-Mart, Lowes, Tractor Supply, and Hopkins County Sale Barn. Ranch is outside city limits. Three miles from the Hospital and walking distance of Sulphur Springs Middle School.