650-654 Clovis St | Midlothian, TX 76065
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650-654 Clovis St
Midlothian, TX 76065
Positive Cashflow DFW New Construction Duplex · Multifamily Property For Sale · 2 Units
Investment Highlights
- 5.25% Financing
- Hot DFW Market
- 1 Acre Lot
- Strong Tenant Demand
- Professional Property Management in Place
- Positive Cashflow Year 1
Executive Summary
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 November/December 2024. 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 $2495 per month per side based on comparable duplexes in nearby project in Venus. 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!
PROPERTY FACTS
| Price Per Unit | $349,500 | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 5.59% | Construction Status | Proposed |
| Gross Rent Multiplier | 11.61 | Building Size | 3,306 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment |
| Price Per Unit | $349,500 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 11.61 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 1.00 AC |
| Construction Status | Proposed |
| Building Size | 3,306 SF |
| No. Stories | 1 |
| Parking Ratio | 1.21/1,000 SF |
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,495 | 1,653 |
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