$795,000
$795,000
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105 W North ST Itasca, TX 76055
2 Beds
3 Baths
4,760 SqFt
Key Details
Sold Price $795,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $167
Subdivision Itasca Ot
MLS Listing ID 21090224
Sold Date 01/22/26
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 2025
Annual Tax Amount $1,544
Lot Size 7,492 Sqft
Acres 0.172
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
Direction From Fort Worth, take I-35W South toward Waco. Continue on I-35W to Exit 8 – FM 66 Itasca.
Interior
Interior Features Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet, Kitchen Island
Heating Electric
Cooling Electric
Flooring Laminate
Fireplace No
Appliance Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Washer
Exterior
Parking Features Common
Pool None
Utilities Available Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Composition
Street Surface Asphalt
Total Parking Spaces 2
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Itasca
Middle Schools Itasca
High Schools Itasca
School District Itasca Isd
Others
Senior Community No
Tax ID 119556
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Financing Conventional
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