4405 Clovis Ct - Apartments FOR SALE


Midlothian, TX 76065
$975,000 USD
713-922-2702
4405 Clovis Ct, Midlothian, TX for Sale
$975,000 USD
Apartments - FOR SALE
1/39
null | 6.38% Cap Rate

4405 Clovis Ct
Midlothian, TX 76065


HIGHLIGHTS

  • 4.75% financing when using preferred Lender for a limited time!
  • Professional Property Management at 5%
  • Proven rents $2,525 based on nearby units
  • Each Unit is 1838s with 3 bedrooms, 2.5 baths and 2 car garage
  • Completed and Perfect for 1031

OVERVIEW

PRIME investment opportunity perfect to add to your portfolio or complete your 1031 exchange: 4.75% financing when using the preferred Lender for a limited time! Turnkey Class-A new construction luxury Triplex on 1-acre lots with LOW property taxes in scorching hot DFW market. This triplex features three 1838sf units with 3 bedrooms, 2.5 baths, and a 2-car garage. Each unit has a covered patio and a fenced-in backyard. Edgewood Estates is located in Midlothian, Texas, and it is zoned to good Waxahachie ISD schools. 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, and to Midlothian and Waxahachie’s retail and dining. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place, this asset is primed for continued growth. Proven rents of $2,525 per month per unit during the peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

2

PRICE/UNIT

$487,500

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Positive Cashflow New Build DFW Triplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

183202,309649

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.