Located at 2725 Patricia Lane, this well-positioned quadplex offers investors the opportunity to acquire a four-unit multifamily property in an established Dallas County location. The property consists of four 2bedroom 1bath units, providing an efficient and highly functional unit mix for an income producing investment.Each residence features a practical floor… Read More plan with comfortable living spaces.
The property also offers off street rear parking and convenient access to major thoroughfares, Downtown Garland, shopping, dining, public transportation, parks, and employment centers throughout Garland and East Dallas.
For the next owner, this property presents an opportunity to evaluate current rents versus market potential, operating performance, and future value add opportunities. Whether you're expanding an established portfolio or looking for a manageable multifamily investment in the DFW market, 2725 Patricia Lane offers four separate income streams and the potential to strengthen performance over time.
Whether you are expanding an existing portfolio or looking for a manageable four-unit asset in the DFW market, this property offers the fundamentals investors look for: multiple income streams, efficient unit mix, established rental demand, and a central Garland location. Buyer and buyer’s agent to verify all property details, leases, expenses, rent roll, schools, measurements, and condition. Read Less
Courtesy of eXp Realty LLC, Lucia Rushton.
Listing Snapshot
Days Online
61
Last Updated
Property Type
Quadruplex
Beds
8
Full Baths
4
Lot Size
0.24 Acres
Year Built
1981
MLS Number
21323869
Additional Details
Appliances & Equipment
ElectricCooktop, ElectricOven
Building
Built in 1981, Year Built Details: Preowned, 1 building, Levels: Two, Construction Materials: Brick
Cooling
CentralAir, CeilingFans, Electric
Expenses
Insurance: $6,333
Floors
CeramicTile, Laminate
Foundation
PillarPostPier
Heating
Central, NaturalGas
Income
Gross Income: $53,169, Net Operating Income: $36,839
