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

  • 5.25% Financing
  • Strong Tenant Demand
  • Hot DFW Market
  • Professional Property Management in Place
  • 1 Acre Lot
  • Positive Cashflow Year 1

OVERVIEW

Prime investment opportunity: 5.25% financing when using preferred Lender for a limited time! Class-A new construction luxury duplex on 1 acre lots with LOW property taxes in scorching hot DFW market. This duplex features two spacious 1653sf units with 3 bedrooms plus a flex room (that can serve as a fourth bedroom) 2 baths and 2 car garage all on one level. Each unit has a covered patio and a fenced in back yard. Duplex is to be built and is estimated to be complete by December 2025. Edgewood Estates is located in Midlothian Texas and it is zoned to good Waxahachie ISD Schools. 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 minute drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 minute drive to Methodist Midlothian Health Medical Center, Waxahachie’s Baylor Scott and White Medical district 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. Projected rents of $2455 per month per side based on current leasing. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable 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 Policy.