Log In/Sign Up
Your email has been sent.
Cashflow + 100% Leased New Build Duplex 4420 Clovis Ct 2 Unit Apartment Building $975,245 CAD ($487,622 CAD/Unit) 5.28% Cap Rate Midlothian, TX 76065
INVESTMENT HIGHLIGHTS
- 100% Leased to great tenants
- Perfect for 1031 Exchange
- 4.75% Financing for a limited time
- Large Duplex on 1-acre lot
EXECUTIVE SUMMARY
Fully leased + 4.75% special financing when using preferred Lender - expires by the end of the year! Prime investment opportunity on a Class-A new construction luxury duplex on acre lots with positive cashflow and LOW property taxes in scorching hot DFW market. This duplex features two 1,653 sq. ft. units with 3 bedrooms + a flex room (that can serve as a 4th bedroom), 2 baths, and 2 garages, all on one level. Each unit has a covered patio and a fenced-in backyard. Duplex is under construction with an estimated completion of October 2025. Edgewood Estates is located in Midlothian, Texas, and it is zoned to the good Waxahachie ISD. Midlothian is just a short 30-minute drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10-minute drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White, as well as to Midlothian and Waxahachie’s retail and dining. Both units leased at 2450 with leases starting on October 13 and November 1. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$82,038
|
$24.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,461
|
$0.74
|
| Effective Gross Income |
$79,577
|
$24.07
|
| Taxes |
$14,749
|
$4.46
|
| Operating Expenses |
$13,486
|
$4.08
|
| Total Expenses |
$28,235
|
$8.54
|
| Net Operating Income |
$51,342
|
$15.53
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $82,038 |
| Annual Per SF | $24.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,461 |
| Annual Per SF | $0.74 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,577 |
| Annual Per SF | $24.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,749 |
| Annual Per SF | $4.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,486 |
| Annual Per SF | $4.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,235 |
| Annual Per SF | $8.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $51,342 |
| Annual Per SF | $15.53 |
PROPERTY FACTS
| Price | $975,245 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $487,622 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 5.28% | Building Size | 3,306 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Price | $975,245 CAD |
| Price Per Unit | $487,622 CAD |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 3,306 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 1.21/1,000 SF |
1 1
PROPERTY TAXES
| Parcel Number | 183202 | Total Assessment | $3,087,687 CAD |
| Land Assessment | $429,060 CAD | Annual Taxes | $14,749 CAD ($4.46 CAD/SF) |
| Improvements Assessment | $2,658,627 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
183202
Land Assessment
$429,060 CAD
Improvements Assessment
$2,658,627 CAD
Total Assessment
$3,087,687 CAD
Annual Taxes
$14,749 CAD ($4.46 CAD/SF)
Tax Year
2025
1 of 41
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Cashflow + 100% Leased New Build Duplex | 4420 Clovis Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.