Garland, TX 75042,325 Rita Drive
Garland, TX 75042,325 Rita Drive
Garland, TX 75042,325 Rita Drive
8
$350,000
Est.Price: ?

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5 BD
3.5 BA
10,410 Sqft Lot

325 Rita Drive Garland, TX 75042

Est. payment /mo
SOLD DATE : 03/19/2024

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision College Manors

MLS Listing ID 20552164

Sold Date 03/19/24

Bedrooms 5

Full Baths 3

Half Baths 1

HOA Y/N None

Total Fin. Sqft 2248

Year Built 1969

Annual Tax Amount $5,941

Lot Size 10,410 Sqft

Acres 0.239

Property Description

****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!

Location

State TX

County Dallas

Direction Use your gps on phone enter 325 Rita Dr. Garland TX

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Electric

Cooling Central Air

Flooring Carpet

Appliance Electric Oven, Electric Range

Heat Source Electric

Exterior

Carport Spaces 2

Fence Chain Link

Pool Fenced

Utilities Available Cable Available, City Sewer, City Water, Electricity Connected

Roof Type Composition

Parking Type Carport, Covered

Garage No

Building

Lot Description Few Trees, Interior Lot, Landscaped

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Choice Of School

Middle Schools Choice Of School

High Schools Choice Of School

School District Garland Isd

Others

Ownership Michael & Wendy Rhea

Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, VA Loan

Financing Cash

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Thomas Ricci • Coldwell Banker Apex, REALTORS
Bought with Pam Henderson • Redfin Corporation

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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