5801 Marvin Loving Dr Unit 311C Garland, TX 75043
Faulkner Point NeighborhoodEstimated payment $4,725/month
Highlights
- Outdoor Pool
- Cooling Available
- Heating Available
- 2.75 Acre Lot
About This Home
Wonderful opportunity to start or build your rental portfolio with this group of easy to lease, easy to maintain condos. This package includes 5 units in a small complex of 60 giving you the opportunity to lead the board if you would like and to be as involved as you might choose to be with the HOA. Great location near major highways and just across from Lake Ray Hubbard. Each unit has washer and dryer connections, fireplace, and a balcony or patio with additional storage. Open floor plans with kitchen overlooking the living. 4 of the five units can easily be converted to two bedrooms giving you increased rent or instant additional equity. These condos are listed at a 7 cap. You won't find a better deal. Partner is a licensed TX Real Estate Broker. Text for fastest response. See media section for financial details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,486
Year Built
- Built in 1984
HOA Fees
- $1,215 Monthly HOA Fees
Parking
- Additional Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Decorative Lighting
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
- Disposal
Schools
- Choice Of Elementary School
- Choice Of High School
Utilities
- Cooling Available
- Heating Available
Additional Features
- Outdoor Pool
- 2.75 Acre Lot
Listing and Financial Details
- Legal Lot and Block 3 / 3
- Assessor Parcel Number 26264520000C00311
Community Details
Overview
- Association fees include all facilities, management, insurance, ground maintenance, maintenance structure, sewer, trash, water
- 6 Buildings
- 5 Units
- 669 Sq Ft Building
- Cashman Association
- Faulkner Point 9 Hillpoint Ph 02 Subdivision
Building Details
- Gross Income $77,412
- Net Operating Income $44,481
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,486 | $109,330 | $14,890 | $94,440 |
| 2024 | $2,486 | $109,330 | $14,890 | $94,440 |
| 2023 | $2,486 | $109,330 | $14,890 | $94,440 |
| 2022 | $2,230 | $90,320 | $0 | $0 |
| 2021 | $1,935 | $73,590 | $5,590 | $68,000 |
| 2020 | $1,962 | $73,590 | $5,590 | $68,000 |
| 2019 | $2,076 | $73,590 | $5,590 | $68,000 |
| 2018 | $1,529 | $54,190 | $5,590 | $48,600 |
| 2017 | $1,043 | $37,000 | $5,590 | $31,410 |
| 2016 | $943 | $33,450 | $5,590 | $27,860 |
| 2015 | $772 | $30,110 | $5,590 | $24,520 |
| 2014 | $772 | $29,440 | $5,590 | $23,850 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $620,000 | -- | $927 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Stewart | |
| Vendors Lien | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $29,700 | Purchase Money Mortgage |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20966112
APN: 26264520000C00311
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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