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325 Rita Drive Garland, TX 75042
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision College Manors
MLS Listing ID 20552164
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1969
Annual Tax Amount $5,941
Lot Size 10,410 Sqft
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
Interior
Heating Electric
Cooling Central Air
Flooring Carpet
Exterior
Fence Chain Link
Pool Fenced
Utilities Available Cable Available, City Sewer, City Water, Electricity Connected
Roof Type Composition
Building
Lot Description Few Trees, Interior Lot, Landscaped
Story One
Foundation Slab
Structure Type Brick
Schools
Elementary Schools Choice Of School
Middle Schools Choice Of School
High Schools Choice Of School
School District Garland Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, VA Loan
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Bought with Pam Henderson • Redfin Corporation