This property is no longer available. Similar buildings are listed below.
New construction
$2,200,000
18-Unit Multifamily in Garland, TX
Dallas County, TX · listed Jul 10, 2024 (840 days)
Price per unit compared
This property$122K
Within ~40 mi (125)$133K
Texas median (1,029)$100K
- $/unit
- $122,222
- ▲ 22% vs TX · 62nd pct
- Cap rate
- 0%
- ▼ 7.3 pts vs TX median
- Gross yield
- —
- Units
- 18
- 2022
Financials
- Asking price
- $2,200,000
- Price per unit
- $122,222
- Price per sq ft
- $223
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 0%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 18
- Unit mix
- 2 of each unit A (1743 sqft), unit B (1600 sqft), and unit C (1594 sqft)
- Buildings
- Not stated
- Year built
- 2022
- Building size
- 9,874 sq ft
- Avg unit size
- 549 sq ft
- Lot size
- 5.04 acres
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 10, 2024
- Days on market
- 840 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1304
About this property
A great opportunity for investors to own up to 18 fully occupied townhome units in the city of Garland. Units available are (address on request) 2.2 million per each 6-plex, up to 3 available. Each building contains 2 of each unit A (1743 sqft), unit B (1600 sqft), and unit C (1594 sqft). Located just 1.5 miles from Lake Ray Hubbard and 7 miles from the Dallas Arboretum. This property is located within a QCT.
3 6-unit new construction townhomes. Price is per building
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Garland, TXNew | $6.6M | $367K$367K | — |
 Garland, TX | $1.5M | $83K$83K | 7.6% |
 Garland, TXValue-add | $855K | $107K$107K | — |
 Garland, TXStabilized | $3.6M | $164K$164K | 10.7%gy |
 Dallas, TX | $775K | $78K$78K | — |
 Dallas, TXStabilized | $2.45M | $223K$223K | 9.9%gy |