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34307644
34307698

4059 Clovis Street, Midlothian, TX 76065

ES
TX 516948
$699,000
4 days on market
Updated 4 days ago

4059 Clovis Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,306
Net Rentable (SqFt) 3,306
Units 2
Cap Rate 5.58%
NOI $38,971
Price per SqFt $211
Class A
Year Built 2026
Buildings 1
Acreage 1.000
Ground Lease No

Cashflow Positive New Build Duplex near Google Data Center Project

Marketing description

PRIME investment opportunity to add to your portfolio, house-hack, or complete your 1031 exchange: 4.25% financing when using the preferred Lender for a limited time! Class-A new construction luxury duplex on a 1-acre lot with LOW property taxes in scorching hot DFW market. This duplex features two 1653sf units with 4 bedrooms, 2 baths, and a 2-car garage on one level. Each unit has a covered patio and a fenced-in backyard. Edgewood Estates is located in Midlothian, Texas, and it is zoned to good Waxahachie ISD schools. Midlothian is just a short 30 min drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 min drive to Methodist Midlothian Health, Waxahachie's Baylor Scott and White, as well as to Midlothian and Waxahachie's retail and dining. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place, this asset is primed for continued growth. Proven rents of $2,450 per month per unit at peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.

Investment highlights

  • Cashflow positive new construction
  • Turnkey Class-A Duplex
  • Hot DFW market
  • Property management company in place at 5%

Listing Contacts

ES
TX 516948

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$38,971.00
$3,247.58/mo

Valuation Metrics

0
DSCR
5.58%
Cap Rate
5.58%
ROI

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