$160,000
●
Multifamily -
Off Market
12 Pershing Drive #AB
Denison, TX 75020
5 Beds
2 Baths
$884
Est. Monthly
About This Property
BACK on MKT after major exterior overhaul including new roof! Very
close to great schools, many parks, medical, public transportation.
Also great dining, shopping, recreation and famous Lake
Texoma literally just minutes away! Long time tenants just moved so
time for new tenants. Unit 12A is a 2 bed and unit 12B is the 3
bedroom. They both could use a little freshening up inside
naturally, however they are vacant and ready to lease now. The 3
bedroom unit, 12B, is in good shape and really ready to go. These
homes were built by the military and are solid and even with
occasional deferred maintenance they are still in good shape.
Perfect for investors and those looking to start or increase their
portfolio. This is a very low price opportunity to create some
wonderful rental income. Great opportunity to add significant value
to this property with a little elbow grease inside. Schools, parks,
public transportation, medical and great dining and shopping are
literally just minutes away! Don't miss out on this rare find! 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: 10 months ago (NTREIS #21090165)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Dec 23, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$179,900
↓ $20K
(10%) | |
| Price Decreased | |||
| Oct 16, 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: Additional Parking, Asphalt, Concrete, Driveway, 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
Construction Materials: Brick, Wood Siding, 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, Natural Gas
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: 10 months ago
Data Source: NTREIS MLS, MLS# 21090165
Details provided by NTREIS and may not match the public record
Last Updated: 10 months ago
Data Source: NTREIS MLS, MLS# 21090165
Details provided by NTREIS and may not match the public record
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