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Listing provided courtesy of RE/MAX Frontier- MLS# 21074365MLS ProviderContact Information: Jada Greenwood - 612-597-6102

3841 Ledgestone LaneMidlothian, TX 76065

Multi-Family · 5 Beds · 5 Full Baths · 3,842 Sq. ft. | 1.44 Acres
$675,000 Active

3841 Ledgestone Lane Overview

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HUGE PRICE REDUCTION!!! ATTENTION INVESTORS!! Looking to add to your portfolio? I've got an incredible opportunity for you. This well-maintained 4-plex offers a total of 3,842 sq. ft., built in 2007, and sits on 1.4 acres in a peaceful, highly desirable location. With four fantastic tenants already in place, this is a true turnkey opportunity. Each unit is slightly different in layout and design, with walls and ceilings constructed of Structural Insulated Panels (SIPs) — providing superior energy efficiency to save on electric bills and excellent sound resistance for quiet, comfortable living. The property features ample parking, a shed, and a 24x48 shop. The majority of the shop has recently been converted to a 5th unit featuring 1 bedroom 1 bathroom, kitchenette, and living room. Part of the shop is being used for an office with it's own separate entrance. Great for a business office There is 100 amp 220 Volt for electric. The 5th unit are not calculated into the rental income already being brought in, so this lease amount would be in ADDITION to the $67,800 per year that is already being brought in. The driveway owned by the neighbor and there is an easement With its prime Midlothian location, peaceful surroundings, and STRONG rental history, this is the investment you’ve been waiting for!

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3841 Ledgestone Lane Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,842
  • Price/Sq.ft. $176
  • Lot 1.44 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Midlothian ISD
  • Elementary School: Larue Miller
  • Middle Or Junior School: Dieterich
  • High School: Midlothian

Green Features

  • Green Water Conservation: Green Infrastructure
  • Green Energy Efficient: Insulation,Roof

Income/Expenses

  • Gross Income: 67800.0
  • Insurance Expense: 4432.0
  • Net Operating Income: 50877.0
  • Operating Expense Includes: Insurance,Utilities,Water/Sewer

Building Information

  • Year Built: 2007
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Ellis
  • Postal City: MIDLOTHIAN
  • Subdivision Name: Duvall Place Add Rev

Tax Information

  • Tax Annual Amount: 14318.0

General Information

  • Disclosures: Accessory Dwelling Unit
  • Listing Terms: Cash,Conventional,See Agent
  • Parcel Number: 202093
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage Spaces: 3.0
  • Garage: No

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Bathrooms Total: 5
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Appraiser
  • Building Area Total: 3842.0

General Information

  • Appliances: Dishwasher,Electric Range,Microwave,Refrigerator
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Laminate,Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Built-in Features,Decorative/Designer Lighting Fixtures,Eat-in Kitchen,High Speed Internet,Cable TV
  • Levels: One
  • Living Area: 3842.0
  • Stories: 1
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Additional Parking,Driveway,Gravel,No Garage,Oversized
  • Parking Total: 10.0

Lot Information

  • Lot Features: Acreage
  • Lot Size Acres: 1.442
  • Lot Size Area: 1.442
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 62813.52
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Patio And Porch Features: Covered
  • Roof: Metal

General Information

  • Carport: No
  • Covered Spaces: 3.0
  • Exterior Features: Storage
  • Fencing: Chain Link
  • Number Of Units Total: 5
  • Pool Features: None
  • Sewer: Septic Tank
  • Utilities: Electricity Available,Septic Available,Separate Meters,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 1 Bedroom
  • Units Total: 2

Unit 3 Details

  • Unit Type: 1 Bedroom
  • Units Total: 3

Unit 4 Details

  • Unit Type: 1 Bedroom
  • Units Total: 4

Unit 5 Details

  • Unit Type: 1 Bedroom
  • Units Total: 5

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3841 Ledgestone Lane Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3841 Ledgestone Lane Market Data

Based on the last 30 days in this zip code

$568,323
Average List Price
$196
Average Price per Square Foot
92
Properties Sold
357
Average Days on Market
1,126
Properties for Sale
Calculations provided by Reliance Network


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