1001-1003 W Sierra Vista Ct - Apartments FOR SALE


Midlothian, TX 76065
$530,000 USD
713-922-2702
1001-1003 W Sierra Vista Ct, Midlothian, TX for Sale
$530,000 USD
Apartments - FOR SALE
1/9
null | 5.7% Cap Rate

1001-1003 W Sierra Vista Ct
Midlothian, TX 76065


HIGHLIGHTS

  • 100% Leased!
  • Strong tenant demand
  • High growth suburb outside of DFW
  • Ellis County projected to grow 200% by 2050
  • Large health center: Methodist Midlothian Health Medical Center

OVERVIEW

This 100% leased duplex in Midlothian is a fantastic opportunity situated in a thriving suburban area just 30 minute drive to Dallas and Fort Worth. With the area’s rapid growth, this property is a smart, turnkey investment with professional property management in place at a favorable 5% rate. Both units are occupied through June 2025 by great long term tenants that have been there since 2022.High-end features include granite kitchen countertops, tiled backsplash, recessed lighting in the kitchen, and pendant lighting over the breakfast bar. Upscale wood-look plank tile flooring, upgraded carpet, walk-in master shower, sprinkler system, and fenced backyard.

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

2

PRICE/UNIT

$265,000

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Turnkey 2018 DFW Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

266409

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.