$965,000
PENDING

Estimated payment $6,443/month

Total Views 1,337
9 Beds
9 Baths
5,513 Sq Ft
$175 Price per Sq Ft

Highlights

  • 1.01 Acre Lot
  • 6 Car Attached Garage
  • Walk-In Closet
  • Granite Countertops
  • Double Vanity
  • Cooling Available

About This Home

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. This 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 May 2025. Edgewood Estates is located in Midlothian Texas, and it is zoned to good 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 $2,465 per mo. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!

Listing Agent

Erion Shehaj

Signature Real Estate Brokerage Phone: 713-952-3200 License #0516948 Listed on: 01/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025

Lot Details

  • 1 Acre Lot
  • Property is Fully Fenced
  • Wood Fence
  • Chain Link Fence
  • Back Yard

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 6 Car Attached Garage
  • Garage Door Opener

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stone Veneer

Interior Spaces

  • 5,513 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Range
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • Double Vanity

Schools

  • Wedgeworth Elementary School
  • Waxahachie High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 2 / D

Community Details

Overview

  • Association fees include ground maintenance
  • 5,513 Sq Ft Building
  • Edgewood Estates HOA
  • Edgewood Estates Subdivision

Building Details

  • Gross Income $88,740
  • Net Operating Income $58,728

Property Details

Home Type

Multi-Family

Year Built

Built in 2025

Lot Details

0

HOA Fees

$133 per month

Parking

6

Listing Details

  • OWNERNAME: NA
  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Unit Levels: Two
  • Year Built Details: Proposed
  • Attribution Contact: 713-952-3200
  • CapRate: 6.09
  • Co List Office Mls Id: SGTR01
  • Special Features: 4098
  • Year Built: 2025

Interior Features

  • Square Footage: 5513.0
  • Interior Amenities: Double Vanity, Granite Counters, Kitchen Island, Pantry, Walk-In Closet(s)
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 9

Exterior Features

  • Foundation: Slab
  • Fencing: Back Yard, Chain Link, Fenced, Full, Wood
  • Roof: Composition
  • Construction Materials: Brick, Stone Veneer, Wood Siding
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Electric
  • Garage Spaces: 6.0
  • Parking Features: Garage, Garage Door Opener
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Electric
  • Utilities: Septic Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • Association Fee: 1597.0
  • Association Fee Frequency: Annually
  • Association Name: Edgewood Estates HOA

Schools

  • Elementary School: Wedgeworth
  • High School: Waxahachie
  • Junior High Dist: Waxahachie ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 1.005
  • Parcel Number: 000000
  • Lot Size Acres: 1.005
  • Lot Size Sq Ft: 43777.8

Building Info

  • Year Built: 2025
  • Units Total: 3
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 2800.0
  • Annual Gross Income: 88740.0
  • Property Net Operating Income: 58728.0

Tax Info

  • TaxBlock: D
  • Tax Lot: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2025 01/27/25 Pending -- -- --
01/24/2025 01/24/25 For Sale $965,000 -- $175 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20826510

North Texas Real Estate Information Systems (NTREIS)