string(18) "dallasarea.har.com" 325 Rita Dr, Garland, TX 75042 - HAR.com LoopMe

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5 Bed(s)
3 Full & 1 Half Bath(s)
10,411 Lot Sqft.
Multi-Family - Duplex
2 Day(s) on HAR.com

General Description

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****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!

MLS#:
20552164 (NTREIS)
Sold Price Range:
$325,001 - $370,000
Listing Status:
Sold
Address:
325 Rita Dr
City:
Garland
State:
TX
Zip Code:
County:
Subdivision:
College Manors
Legal Description:
COLLEGE MANORS BLK 1 LOT 7 VOL98148/7929 DD07
Property Type:
Multi-Family - Duplex
Bedrooms:
5 Bedroom(s)
Baths:
3 Full & 1 Half Bath(s)
Stories:
1
Year Built:
1969 /Appraisal District
Lot Size:
10,411 Sqft. /Appraisal District


Interior Features

Floors:
Carpet
Cooling:
Electric
Heating:
Electric
Appliances:
Electric Oven, Electric Range
Security System:
Smoke Detector(s)
Interior:
Cable TV Available, High Speed Internet Available


Exterior Features

Roof:
Composition
Foundation:
Slab
Private Pool:
No
Private Pool Desc:
Fenced
Exterior Type:
Brick
Lot Description:
Few Trees, Interior Lot, Landscaped
Parking:
Carport, Covered
Fencing:
Chain Link
Patio and Porch:
Deck
Utility:
Cable Available, City Sewer, City Water, Electricity Connected


Source
North Texas Real Estate Information Systems, Inc.

Property Tax

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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
dallas County Appraisal District
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

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$1,832 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 1,337
Estimated Monthly Property Tax (Based on Tax Assessment 2023) $ 495
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Schools

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School 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)
Choice Of School Elementary School
Choice Of School Middle School
Choice Of School High School

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325 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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