3841 Ledgestone Ln - Apartments FOR SALE


Midlothian, TX 76065 | 
$675,000 USD
972-268-1355
3841 Ledgestone Ln, Midlothian, TX for Sale
$675,000 USD
Apartments - FOR SALE
1/12
null | 7.36% Cap Rate

3841 Ledgestone Ln
Midlothian, TX 76065


HIGHLIGHTS

  • PRIME MIDLOTHIAN, TEXAS LOCATION
  • STRONG RENTAL HISTORY
  • 5-UNIT MULTI FAMILY OPPORTUNITY

OVERVIEW

ATTENTION INVESTORS!!! OWNER FINANCING AVAILABLE!!! Looking to add to your portfolio? I've got an incredible opportunity for you. This well-maintained 5-plex offers a total of 3,842 sq. ft., built in 2007, and sits on 1.4 acres in a peaceful, highly desirable location. With four fantastic tenants already in place, this is a true turnkey opportunity. Each unit is slightly different in layout and design, with walls and ceilings constructed of Structural Insulated Panels (SIPs) — providing superior energy efficiency to save on electric bills and excellent sound resistance for quiet, comfortable living. The property features ample parking, a shed, and a 24x48 shop. The majority of the shop has recently been converted to a 5th unit featuring 1 bedroom 1 bathroom kitchen and living room. Part of the shop is being used for an office with it's own separate entrance. Great for a business office There is 100 amp 220 Volt for electric. The 5th unit are not calculated into the rental income already being brought in, so this lease amount would be in ADDITION to the $70,200 per year that is already being brought in. The driveway owned by the neighbor and there is an easement With its prime Midlothian location, peaceful surroundings, and STRONG rental history, this is the investment you’ve been waiting for!

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

5

PRICE/UNIT

$135,000

CAP RATE

7.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duvall Place Add Rev

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

202093

ASK ABOUT THIS PROPERTY

Hilary SilversRE/MAX FrontierMore Info
972-268-1355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Hilary SilversRE/MAX FrontierMore Info
972-268-1355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.