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General Description
minimizeGreat investment opportunity! Fully occupied and cash flowing 4 plex. Cap rate of 7.11%. Each unit has spacious, functional layout with 2 beds and 1 full bath upstairs, and living, dining, kitchen and half bath down. There is parking in the driveways in alley or on street. 2 units were lightly remodeled a few years ago, the other 2 units in great condition. Pictures are of one of the units that have not been remodeled when it was vacant in August. All 4 units are currently rented out under market value. Market value rent supports rents of $1075-1125. Cap rate increases to 8.2% with increased rents. DOM has typically been under 30 days when leasing.
Interior Features
Exterior Features
Financial Information
Source
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $-- | $508,000 | -0.61% | $508,000 | -0.61% |
| 2022 | $-- | $511,100 | 9.09% | $511,100 | 9.09% |
| 2020 | $-- | $468,530 | 23.40% | $468,530 | 23.40% |
| 2019 | $-- | $379,690 | 0.00% | $379,690 | 0.00% |
| 2018 | $-- | $379,690 | $379,690 |
2023 Dallas County Appraisal District Tax Value
| Market Land Value: | $54,000 |
| Market Improvement Value: | $454,000 |
| Total Market Value: | $508,000 |
2023 Tax Rates
| DALLAS COUNTY: | 0.2157 % |
| GARLAND: | 0.6898 % |
| GARLAND ISD: | 1.0532 % |
| PARKLAND HOSPITAL: | 0.2195 % |
| DALLAS CNTY COMMUNITY COLLEGE: | 0.1100 % |
| Total Tax Rate: | 2.2882 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 1,852 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 969 |
| Home Owners Insurance | Get a Quote |
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Schools (provided by Listing Agent)
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Property Map
minimize2733 Patricia Garland TX 75041 was recently sold. It is a 0.36 Acre(s) Lot, 8 Beds, 4 Full Bath(s) & 4 Half Bath(s) in English Estates 6 Wimbledon Garden.
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