6625-6627 Florence Drive, Midlothian, Texas, 76065
$699,000
3,306 Sqft
1.03 Acres
8 bd
4 ba
#21421899
5.25% Rate (only with preferred lender) on this prime Investment opportunity to add to your portfolio, house hack, or complete your 1031 exchange. Class A new construction luxury duplex on a 1 acre lot with very LOW property taxes in the scorching hot DFW market. This duplex features two 1653 SF 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 30-minute drive to Downtown Dallas and Fort Worth. Also, this project is a short 8-10 min drive from Methodist Midlothian Health and Waxahachie’s Baylor Scott and White, as well as from 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, 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%.
PROPERTY FEATURES
- 2 Unit(s)
- Utilities : Aerobic Septic,Co-op Water,Community Mailbox
- Parking Features: Additional Parking,Garage Door Opener
- 4 Parking Space(s)
- Has Garage
- 4 Garage Spaces
- Has Attached Garage
- 4 Covered Spaces
- Fencing : Back Yard
- Lot Features : Composition
- Cooling: Ceiling Fan(s),Central Air,Electric
- Heating : Central
- Construction Materials: Brick,Radiant Barrier,Rock/Stone,Siding,Wood
- Foundation Details: Slab
- Interior Features: Built-in Features,Decorative Lighting,Double Vanity,Eat-in Kitchen,Kitchen Island,Open Floorplan,Walk-In Closet(s)
- Appliances : Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Microwave
- Flooring : Carpet,Ceramic Tile,Luxury Vinyl Plank
- Levels : One
- Green Verification Count : 0
- Title Company Preferred: Platinum Title
PROPERTY DETAILS
ID: 21421899
Status: Active
Price: $699,000
Acres: 1.03 Acres
Price Per Acre: $678,641
Type: Multi-family
Address: 6625-6627 Florence Drive
City, State: Midlothian, Texas
County: Ellis
Zip Code: 76065
Lat/Long: 32.409529, -96.940872
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