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25717549
25717548

656 Wheatfield Dr, Venus, TX 76084

ES
TX 516948
$519,000
304 days on market
Updated 13 days ago

656-660 Wheatfield

Details
APN 296869
Property Type Multifamily
Sub Type Apartment Building, Duplex
Square Footage 2,662
Net Rentable (SqFt) 2,662
Units 2
Cap Rate 5.07%
NOI $26,308
Occupancy 100%
Price per SqFt $195
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 0.187
Parking Spaces 2 per unit
Investment Type Stabilized

DFW Turnkey 100% Leased 2024 Duplex

Marketing description

100% Leased! Prime opportunity to invest in a Class-A luxury duplex in scorching hot DFW market. Strong tenant demand and fast leasing in DFW. Fantastic location across near Google's $600M Data Center. Venus 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. Ellis County has experienced explosive population growth in the last decade. Children attend Midlothian schools. This duplex has two 3-bedroom units with 2 baths. Each unit has a two-car garage and a fenced in back yard. Current rents at $1995 and $1950 per month. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate of 5%

Investment highlights

  • Turnkey: 100% Leased

  • Hot DFW Market

  • Strong Tenant Demand

  • Professional property management

Listing Contacts

ES
TX 516948

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$26,308.00
$2,192.33/mo

Valuation Metrics

0
DSCR
5.07%
Cap Rate
5.07%
ROI

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Additional Information

Name
Erion Shehaj
License
TX 516948
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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