802 Old Wise Rd, Bowie, TX, TX 76230

$1,050,000

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List Price
$1,050,000
MLS#
21407780
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
2025
Construction Status
New Construction - Complete
Acres
1.03
County
Montague
City
Bowie
Subdivision
Allsups State Hwy 59

Property Description

This is your chance to capitalize on a brand-new multifamily development in the heart of Bowie! Three of these upscale 1-bedroom, 1.5-bath lofts are already leased, with 14 additional units approved and ready to be built. Each 600 sq. ft. loft is designed with an open-concept layout, high-end finishes, stainless steel appliances, and modern styling that appeals to working professionals and lifestyle renters. Rents at $1,200 per month per unit, this property has a potential annual gross income of $259,200. All units are built to city code, and all concrete work has already been completed, saving time and capital on development. Located near local shops, dining, and community events, this property offers excellent tenant appeal and long-term appreciation potential. Whether you’re seeking cash flow or a strong addition to your portfolio, this turnkey project offers both.

Additional Information

Unexempt Taxes
$1,107
Tenant Pays
AllUtilities, TrashCollection
Lot Size
44,866
Acres
1.03
Flooring
Tile
Foundation
Slab
Roof
Metal
Building Stories
2
Parking Garage
Assigned, Paved
Possession
CloseOfEscrow
Proposed Use
Other
Inclusions
Business, Land & Improvements, Other

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cameron Butler from Realty Of America, LLC. Contact: 512-788-9495

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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