1231 W Morton Street #1231, Denison, TX 75020
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1231 W Morton Street #1231, Denison, TX 75020
1231 W Morton Street #1231, Denison, TX 75020
1231 W Morton Street #1231, Denison, TX 75020
1231 W Morton Street #1231, Denison, TX 75020
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$ 1,050,000
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1231 W Morton Street #1231 Denison, TX 75020

24 Beds

12 Baths

1 Acres Lot


UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Millers 2Nd Add

MLS Listing ID 21191195

Bedrooms 24

Full Baths 12

HOA Y/N None

Total Fin. Sqft 13920

Year Built 1955

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Apartment

Property Description

Rare opportunity to acquire a 12-unit multifamily property in a high-demand North Texas rental market with immediate upside potential. This property in Denison consists of six duplex buildings, offering operational efficiency, diversified income streams, and strong tenant appeal.

Positioned on W Morton Street with excellent access and visibility, the asset is strategically located near downtown Denison, retail corridors, schools, and major commuter routes—driving consistent rental demand.

Six duplexes, 12 units. Two units updated with high end finishes, granite, hardwood, stainless appliances, windows, HVAC, detached 2-car garage. Remaining 10 units include upgrades and repairs, hardwood, ample parking and tenant paid utilities. Room for value add presents greater rental upside with full rehab. Very convenient proximity to Denison and Lake Texoma visitors.

Location

State TX

County Grayson

Direction From 75 North, turn right on Morton St, property located on the left.

Interior

Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available

Heating Electric, Natural Gas

Cooling Ceiling Fan(s), Central Air, Electric, Window Unit(s)

Flooring Ceramic Tile, Laminate, Wood

Appliance Dishwasher, Disposal, Electric Range, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer

Heat Source Electric, Natural Gas

Exterior

Exterior Feature Covered Patio/Porch

Utilities Available Alley, Asphalt, City Sewer, City Water

Roof Type Composition

Garage No

Building

Lot Description Acreage

Story Two

Foundation Pillar/Post/Pier

Level or Stories Two

Structure Type Brick,Siding

Schools

Elementary Schools Terrell

Middle Schools Henry Scott

High Schools Denison

School District Denison Isd

Others

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21191195


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Prasanthi Morusupalli • Powerstar Realty
Darla McMullen-Revelle

Darla McMullen-Revelle

Broker | License ID: 0559934

+1(903) 363-2222

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1231 W Morton Street #1231