4016-4018 Clovis St - Apartments FOR SALE


Midlothian, TX 76065
$699,000 USD
713-922-2702
4016-4018 Clovis St, Midlothian, TX for Sale
$699,000 USD
Apartments - FOR SALE
1/78
null | 5.23% Cap Rate

4016-4018 Clovis St
Midlothian, TX 76065


HIGHLIGHTS

  • 4.75% Financing for limited time
  • Positive Cashflow
  • Hot DFW Market
  • Professional Property Management in Place
  • 1 Acre Lot
  • Strong Market Fundamentals

OVERVIEW

4.75% special financing when using preferred Lender - expires by end of year! Prime investment opportunity on a Class-A new construction luxury duplex on acre lots with positive cashflow and LOW property taxes in scorching hot DFW market. This duplex features two 1653sf units with 3 bedrooms + a flex room (that can serve as a 4th bedroom) 2 baths and 2 garage all on one level. Each unit has a covered patio and a fenced in back yard. Duplex is under construction with estimated completion of December 2025. Edgewood Estates is located in Midlothian Texas, and it is zoned to good Waxahachie ISD. Significant rental housing inventory shortages combined with strong Tenant demand generated by growth in population, jobs and financial investment make this area an excellent investment. Midlothian is just a short 30 min drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 min drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White as well as to Midlothian and Waxahachie’s retail and dining. The Dallas-Fort Worth MSA is one of the fastest growing areas in the country. More than 175 corporate headquarters have moved to Dallas-Fort Worth since 2010 Proven rents of $2455 per unit per month. based on comparable duplexes in the community. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

2

PRICE/UNIT

$349,500

CAP RATE

5.23%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Positive Cashflow DFW New Construction Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

183202

ASK ABOUT THIS PROPERTY

Erion ShehajSignature Real EstateMore Info
713-922-2702

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Erion ShehajSignature Real EstateMore Info
713-922-2702

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