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General Description
minimize****MULTIPLE OFFERS RECEIVED AS OF MARCH 7th 2024, 6pm **** In this charming rare DUPLEX, in Garland,TX just 25 minutes NE of Dallas Metro area. Currently at a 8.2% gross cap rate,5.3% net cap rate with room to grow! 100% occupied and value add for year two. Your tenants will have the option of choosing between two beautiful units. Unit 325 boasts a cozy 2-bedroom, 1.5-bathroom layout, perfect for those seeking a comfortable and inviting space to call home. Meanwhile, Unit 327 offers a spacious 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!
Interior Features
Exterior Features
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 | $-- | $259,650 | 0.00% | $259,650 | 0.00% |
| 2022 | $-- | $259,650 | 71.36% | $259,650 | 71.36% |
| 2020 | $-- | $151,520 | 0.00% | $151,520 | 0.00% |
| 2019 | $-- | $151,520 | 0.00% | $151,520 | 0.00% |
| 2018 | $-- | $151,520 | 26.12% | $151,520 | 26.12% |
| 2017 | $-- | $120,140 | 0.00% | $120,140 | 0.00% |
| 2016 | $-- | $120,140 | 0.00% | $120,140 | 0.00% |
| 2015 | $-- | $120,140 | 17.72% | $120,140 | 17.72% |
| 2014 | $-- | $102,060 | 0.00% | $102,060 | 0.00% |
| 2013 | $-- | $102,060 | $102,060 |
2023 Dallas County Appraisal District Tax Value
| Market Land Value: | $50,000 |
| Market Improvement Value: | $209,650 |
| Total Market Value: | $259,650 |
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) | $ 1,337 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 495 |
| 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
minimize325 Rita Dr Garland TX 75042 was recently sold. It is a 0.24 Acre(s) Lot, 5 Beds, 3 Full Bath(s) & 1 Half Bath(s) in College Manors.
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