What If Your Next Property Gave You A Spacious Main Home, A
Separate Additional Living Space, Over 1 Acre Of Land, And Multiple
Workshops And Storage Buildings To Actually Use? Welcome To 5955
Pecan Circle In Alvarado, Where Space, Flexibility, And
Functionality Come Together In One Hard-To-Find Package. The Main
Home Offers Approximately 2,348 Square Feet With 3 Bedrooms And 2
Bathrooms And Has Already Seen An Impressive List Of Updates Inside
And Out, Including New Flooring, Brand-New Cabinets, Fully Tiled
Showers, And Much More, With The Complete Update List Coming Soon.
But The Property Does Not Stop At The Main House. A Separate
576-Square-Foot Additional Dwelling Includes Its Own Full-Sized
Kitchen And Bathroom, Creating An Entire Extra Space For Guests,
Extended Stays, A Home Office Setup, Or Whatever Flexibility Your
Lifestyle Calls For. Outside, Just Over 1 Acre Gives You Real Room
To Spread Out, While Multiple Sheds And Workshops Add Valuable
Space For Tools, Equipment, Hobbies, Projects, And Storage. And
When You Want To Get Out, Alvarado Park Lake, Historic Downtown
Cleburne, And Cleburne State Park Keep Fishing, Boating, Dining,
Trails, And Outdoor Recreation Within Reach. If You've Been Looking
For A Property With Space Inside, Useful Buildings Outside, And An
Entire Second Living Space Already In Place, Come Today And See Why
5955 Pecan Circle Deserves A Serious Look!
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.
Tucked away in a quiet neighborhood on 1.18 acres, this property offers the space, flexibility, and extra buildings buyers dream about. The main home is complemented by a separate mother in law suite with a covered walkway connecting the two, making it ideal for multi generational living, guests, or a private home office setup.
Outside, you’ll find a 20x20 workshop with a built in kennel, ample additional parking, and even a she shed or man cave for hobbies, storage, or weekend projects. Enjoy the peaceful setting from the large sunroom, and appreciate the added value of a private well.
This home is being offered with the understanding that it needs work and updates, making it a great opportunity for buyers ready to bring their vision and create something special on a beautiful acre plus property with so much usable space.
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Available
Parking Details
Has Garage
Attached Garage
Parking Features: Additional Parking, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level, Lighted, Off Street, On Site, Oversized, Private, RV Access/Parking, Workshop in Garage, Garage Double Door
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