$350,000
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5 Beds
3.5 Baths
10,410 Sqft Lot
SOLD DATE : 03/19/2024
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision College Manors
MLS Listing ID 20552164
Sold Date 03/19/24
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N None
Total Fin. Sqft 2248
Year Built 1969
Annual Tax Amount $5,941
Lot Size 10,410 Sqft
Acres 0.239
Property Description
****MULTIPLE OFFERS RECEIVED AS OF MARCH 7th 2024, 6pm ****
In this charming rare DUPLEX, in Garland,TX just 25 minutes NE of Dallas Metro area. Currently at a 8.2% gross cap rate,5.3% net cap rate with room to grow! 100% occupied and value add for year two. Your tenants will have the option of choosing between two beautiful units. Unit 325 boasts a cozy 2-bedroom, 1.5-bathroom layout, perfect for those seeking a comfortable and inviting space to call home. Meanwhile, Unit 327 offers a spacious 3-bedroom, 2-bathroom floor plan, ideal for those in need of a bit more room to stretch out and relax. Both units are thoughtfully designed to provide your tenants with a peaceful and stylish living environment or possibly for first time home buyers or investors, live in one side lease the other in year two. This is a great opportunity to add this income producing property to your real estate portfolio. These rarely come on market for sale so don't miss out on this great value!
Location
State TX
County Dallas
Direction Use your gps on phone enter 325 Rita Dr. Garland TX
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Electric
Cooling Central Air
Flooring Carpet
Appliance Electric Oven, Electric Range
Heat Source Electric
Exterior
Carport Spaces 2
Fence Chain Link
Pool Fenced
Utilities Available Cable Available, City Sewer, City Water, Electricity Connected
Roof Type Composition
Garage No
Building
Lot Description Few Trees, Interior Lot, Landscaped
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Choice Of School
Middle Schools Choice Of School
High Schools Choice Of School
School District Garland Isd
Others
Ownership Michael & Wendy Rhea
Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, VA Loan
Financing Cash
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Bought with Pam Henderson • Redfin Corporation
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "