1423 Forest Lane
Garland, TX 75060 ·
40 Units · Multifamily For Sale
|No. Units||40||Gross Rent Multiplier||4.37|
|Building Size||28,600 SF||Occupancy||100%|
|Property Type||Multifamily||Year Built||1972|
|Property Sub-type||Garden/Low-Rise||Lot Size||1.30 AC|
|Property Use Type||Investment|
|Listing ID: 11488759||Date Created: 06/19/2001||Last Updated: 02/22/2002|
The subject property has had extensive rehabe work done on it with in the last 2 years. The roofs are pitched and there has been a new asphalt parking lot laid within the last month. The property is fully rented and market rents are being achieved. The tennants pay their own electricity and the landlord pays for water and common area electric.
The subject property is located just around the corner from downtown Garland. The area is solid for rentals. New construction of retail is close in the area as well.
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