100% Leased Turnkey 2018 DFW Duplex | 1001-1003 W Sierra Vista Ct
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100% Leased Turnkey 2018 DFW Duplex 1001-1003 W Sierra Vista Ct
2 Unit Block of Flats £414,699 (£207,349/Unit) 5.70% Net Initial Yield Midlothian, TX 76065
Investment Highlights
- 100% Leased!
- High growth suburb outside of DFW
- Large health center: Methodist Midlothian Health Medical Center
- Strong tenant demand
- Ellis County projected to grow 200% by 2050
Executive Summary
This 100% leased duplex in Midlothian is a fantastic opportunity situated in a thriving suburban area just 30 minute drive to Dallas and Fort Worth. With the area’s rapid growth, this property is a smart, turnkey investment with professional property management in place at a favorable 5% rate. Both units are occupied through June 2025 by great long term tenants that have been there since 2022.High-end features include granite kitchen countertops, tiled backsplash, recessed lighting in the kitchen, and pendant lighting over the breakfast bar. Upscale wood-look plank tile flooring, upgraded carpet, walk-in master shower, sprinkler system, and fenced backyard.
Property Facts
| Price | £414,699 | Apartment Style | Townhome |
| Price Per Unit | £207,349 | Building Class | C |
| Sale Type | Investment | Building Size | 2,806 SF |
| Net Initial Yield | 5.70% | Average Occupancy | 100% |
| No. Units | 2 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Price | £414,699 |
| Price Per Unit | £207,349 |
| Sale Type | Investment |
| Net Initial Yield | 5.70% |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Building Size | 2,806 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 2018 |
| Parking Ratio | 1.43/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
- Yard
- Family Room
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2.5 | 2004 | £1,561 | 1,403 |
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100% Leased Turnkey 2018 DFW Duplex | 1001-1003 W Sierra Vista Ct
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