DFW New Construction Triplex 4257-4259-4261 Clovis Ct 3 Unit Apartment Building $975,000 ($325,000/Unit) 6.09% Cap Rate Midlothian, TX 76065
INVESTMENT HIGHLIGHTS
- Cashflow Positive DFW New Construction Triplex
- Low property taxes at 1.69%.
- PRIME investment opportunity: 5.25% financing when using preferred Lender for a limited time!
- Professional property management in place at a great rate of 5%!
EXECUTIVE SUMMARY
PRIME investment opportunity: 5.25% financing when using preferred Lender for a limited time! Class-A new construction luxury Triplex on acre lots with LOW property taxes in scorching hot DFW market. These triplex features three 1838sf units with 3 bedrooms, 2.5 baths and 2 car garage. Each unit has a covered patio and a fenced in back yard. Triplex is to be built with estimated completion September October 2025. Edgewood Estates is located in Midlothian Texas, and it is zoned to Waxahachie ISD. Midlothian is just a short 30 min drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 min drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White as well as to Midlothian and Waxahachie’s retail and dining. Projected rents of $2,490 per unit per month. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$89,640
|
$16.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,689
|
$0.49
|
| Effective Gross Income |
$86,951
|
$15.77
|
| Taxes |
$14,830
|
$2.69
|
| Operating Expenses |
$12,740
|
$2.31
|
| Total Expenses |
$27,570
|
$5.00
|
| Net Operating Income |
$59,381
|
$10.77
|
PROPERTY FACTS
| Price | $975,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Gross Rent Multiplier | 10.88 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Construction Status | Proposed |
| Building Size | 5,513 SF |
| No. Stories | 2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Breakfast Nook
- Pantry
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 3 | $2,490 | 1,838 |
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PROPERTY TAXES
| Parcel Number | 183202 | Total Assessment | $955,444 (2023) |
| Land Assessment | $439,376 (2023) | Annual Taxes | $14,830 ($2.69/SF) |
| Improvements Assessment | $516,068 (2023) | Tax Year | 2025 |
