2025 Year Built:

Building or Complex name: North Street Location:

New Construction Condition:

Dishwasher, Microwave, Disposal, Washer, Dryer Appliances:

Decorative Lighting Property Features:

laminate Floors:

city water, City sewer Utilities:

Electric Heating System:

Electric Cooling System:

Broadband internet access Telecommunication:

On Slab Basement and Foundation:

composition Roofing:

2 Number of parking spaces:

Common Lot Parking type:

585 School District:

Itasca Elementary School:

Itasca High School:

Itasca Middle School:

Completed in September 2025, this new construction 5-plex in Itasca, TX offers investors a rare opportunity to own a fully leased, income-producing property with minimal maintenance. Each of the five units features 2 bedrooms with private ensuite bathrooms, a half bath downstairs, and an open-concept living area with granite countertops throughout. Kitchens include a refrigerator, electric range, and microwave, plus washer, dryer hookups for tenant convenience. Built with durable board and batten siding and modern finishes, these units attract strong, long-term tenants. All five units are leased on 12-month agreements of approximately $1,450 per month, providing a gross annual income of approximately $87,000 and an estimated 10% gross ROI based on the $795,000 list price. Conveniently located within Itasca city limits near I-35, this property sits between DFW and Waco, making it ideal for commuters and investors seeking growth in a small-town market. This is a true turnkey investment—new construction, fully leased, and ready to generate income from day one.