6487-6489 Florence Dr, Midlothian, TX 76065
- $699,000
- 8
- BD
- 4
- BA
- List Price
- $699,000
- MLS#
- 21286977
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 2026
- Construction Status
- New Construction - Incomplete
- Bedrooms
- 8
- Full Baths
- 4
- Acres
- 1.01
- County
- Ellis
- City
- Midlothian
- Subdivision
- Edgewood Estates
- Building Name
- Edgewood Estates
Property Description
PRIME investment opportunity to add to your portfolio, house-hack, or complete your 1031 exchange: 4.25% financing when using the preferred Lender for a limited time! Class-A new construction luxury duplex on a 1-acre lot with LOW property taxes in scorching hot DFW market. This duplex features two 1653sf units with 4 bedrooms, 2 baths, and a 2-car garage on one level. Each unit has a covered patio and a fenced-in backyard. This duplex is under construction with an estimated completion date of November to Dec 2026. Edgewood Estates is located in Midlothian, Texas, and it is zoned to good Waxahachie ISD schools. Midlothian is just a short 30 min drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 min drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White, as well as to Midlothian and Waxahachie’s retail and dining. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place, this asset is primed for continued growth. Proven rents of $2,450 per month per unit in peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.
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Additional Information
- HOA Fees
- $1,065
- HOA Freq
- Annually
- Lot Size
- 43,777
- Acres
- 1.01
- Interior Features
- Double Vanity, Granite Counters, Kitchen Island, Pantry, Walk-In Closet(s)
- Flooring
- Carpet, Vinyl
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Garage Spaces
- 4
- Parking Garage
- Garage, Garage Door Opener
- School District
- Waxahachie Isd
- Elementary School
- Wedgeworth
- Middle School
- Evelyn Love Coleman
- High School
- Waxahachie
- Possession
- CloseOfEscrow
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Listing courtesy of Erion Shehaj from Signature Real Estate. Contact: 713-952-3200