For more information regarding the value of a property, please contact us for a free consultation.
305 Rita Drive Garland, TX 75042
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision College Manor
MLS Listing ID 20601895
Sold Date 05/10/24
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N None
Total Fin. Sqft 2181
Year Built 1966
Annual Tax Amount $5,811
Lot Size 10,802 Sqft
Acres 0.248
Property Description
In this charming rare full DUPLEX, in Garland,TX just 25 minutes NE of Dallas Metro area. Currently at a 9.4% gross cap rate,6.6% net cap rate with room to grow! 100% occupied and value add! Your tenants will have the option of choosing between two beautiful units. Unit 307 boasts a cozy 950 sq ft 2-bedroom, 1.5-bathroom layout, perfect for those seeking a comfortable and inviting space to call home. Meanwhile, Unit 305 offers a spacious 1231 sq ft. 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
Direction Use gps
Interior
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available, Kitchen Island, Pantry, Walk-In Closet(s)
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Ceramic Tile
Appliance Dishwasher, Disposal, Electric Oven, Electric Range, Refrigerator
Heat Source Central, Electric
Exterior
Carport Spaces 2
Fence Chain Link
Utilities Available Cable Available, City Sewer, City Water
Roof Type Composition
Parking Type Attached Carport
Total Parking Spaces 2
Garage No
Building
Lot Description Few Trees, Interior Lot
Story One
Foundation Slab
Level or Stories One
Structure Type Brick,Siding,Wood
Schools
Elementary Schools Choice Of School
Middle Schools Choice Of School
High Schools Choice Of School
School District Garland Isd
Others
Ownership Mortgage City Inc
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Financing Cash
Read Less
©2024 North Texas Real Estate Information Systems.
Bought with Jeffrey Loiacono • United Real Estate Frisco
GET MORE INFORMATION