7261 STATE HIGHWAY 276, POINT, TX 75472
Homes for sale in Point.
Homes for sale in 75472.
7261 State Highway 276
Point, TX 75472
List Price$1,200,000
Listing #21044847
About This Property
Unique Turn Key opportunity on 2.419 acres ! This 7 unit apartment complex is fully renovated and is at 100% capacity with renters on an annual contract! New Roof, Windows, HVACs, Appliances, Plumbing, Electrical, etc. This property offers something for the Investor and or the owner occupant ! With nearly 1.25 acres of open land with potential for various purposes or buildings, it opens up possibilities for additional income . All 7 units rented-occupied but no long term leases to have to honor! Very attractive cap rate! Email agent for more info!
Property Features
Location Information
County
Rains
Subdivision
Brook Thomas D
Interior Features
Interior
Decorative/Designer Lighting Fixtures, High Speed Internet, Open Floorplan
Floors
Luxury Vinyl Plank
Has Fireplace
No
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Heating
Central, Electric
Total Number of Units
7
Cooling
Central Air, Electric
Exterior Features
Stories
1
Pool Description
None
Foundation
Slab
Lot Description
Acreage, Few Trees
Roof
Metal
Lot Size in Acres
2.419
Water / Sewer
Electricity Available, Septic Available, Water Available
Lot Size in Sq. Ft.
105,371
Utilities
Electricity Available, Septic Available, Water Available
Buildings
2
Security System
Carbon Monoxide Detector(s), Smoke Detector(s)
Building Total Area (Sq. Ft.)
5,984
Parking Description
Gravel, Open, Parking Lot, Unpaved
Road Description
Gravel
Garage Spaces
0
Is One Story
Yes
Patio / Deck Description
Covered
Lot Description
Acreage, Few Trees
School
Elementary School District
Rains ISD
High School
Rains
Elementary School
Rains
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Apartment
Documents Available
Aerial, Survey
Year Built
1980
Similar Listings
Mortgage Calculator
$5,604
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,324
Monthly Tax
$1,000
Monthly Insurance
$280
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Michael Barakatt, Coldwell Banker Apex, REALTORS
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NTREIS - North Texas data last updated at February 5, 2026, 1:58 PM CT
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