$169,000
●
Multifamily -
Off Market
12 and 12 B Pershing Drive #A
Denison, TX 75020
5 Beds
2 Baths
$830
Est. Monthly
About This Property
Great potential with this duplex near Grayson County College,
Sherman, Denison and Pottsboro and Lake Texoma just minutes away!
Rented now to same tenants for many years so rent is low now but
ready to increase if desired. Tenant in 12A just moved out of the 2
bedroom unit, and it is the one that could use a little freshening
up while it's vacant for the first time in many years. These homes
were built by the USA military in the mid 1940's and are very
solid. Even with deferred maintenance they are still in good shape.
Perfect for investors and those looking to start or increase their
portfolio. This is a budget price to create some wonderful rental
income. The outside needs some wood replaced and repaired but
that's a pretty easy fix. Great opportunity to add significant
value to this property with a little elbow grease. Also close by is
Hagerman National Wildlife Refuge, schools, parks, and public
transportation. Don't miss out on this rare find! NOTE! PRICE
LOWERED, and, The 3 bedroom unit, 12B, has just been leased for
1200.00 per month for one year. Come and get it!
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NTREIS #20857634)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | No longer available | - | |
| No longer available | |||
| Jul 15, 2025 | Price Decreased |
$169,000
↓ $21K
(11%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$189,900
↓ $10K
(5%) | |
| Price Decreased | |||
| Mar 5, 2025 | Listed by C-21 DEAN GILBERT, REALTORS | $199,900 | |
| Listed by C-21 DEAN GILBERT, REALTORS | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: Asphalt, Concrete, Open
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Cable TV Available, High Speed Internet Available
Appliances: Electric Range, Gas Water Heater, Refrigerator
Flooring Type: Carpet, Ceramic Tile, Wood
Exterior Details
Security Features: Smoke Detector(s)
Year Built: 1945
Building Area Total: 2355
Levels: One
Window Features: Window Coverings
Construction Materials: Wood Siding
Lot Features: Interior Lot
Lot Size Area: 0.334
Lot Size Units: Acres
Lot Size Acres: 0.334
Lot Size Square Feet: 14549.04
Tax Lot: 3
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Central
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/16/2025
|
5 Bed
|
2 Bath
|
-
|
$199,900
5 Bed
2 Bath
|
$160,000
-19.96%
12/31/2025
|
Ben Williams
EXIT East Realty
| |
|
03/05/2025
|
5 Bed
|
2 Bath
|
-
|
$199,900
5 Bed
2 Bath
|
-
-
|
Ben Williams
EXIT East Realty
|
Building Info
About Denison
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Listed by: BEN WILLIAMS, C-21 DEAN GILBERT, REALTORS
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20857634
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20857634
Details provided by NTREIS and may not match the public record
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