413-415 Shoreview Drive, Rockwall, Texas 75087

$473,000
4
BD
List Price
$473,000
MLS#
20569069
Status
ACTIVE
Type
Multifamily
Year Built
1983
Construction Status
Preowned
Bedrooms
4
Full Baths
4
Acres
0.26
County
Rockwall
City
Rockwall
Subdivision
Shoreview Estate

Property Description

MULTIPLE OFFERS! Snatch up this great duplex for your investment portfolio! Two 2 bdrms-2 full baths units in mature quiet tree-lined neighborhood near Lake Ray Hubbard. Previously updated w-hardwood & tile floors, recently replaced hot water heaters, garage door (larger unit) opener & spring, dishwasher (smaller unit). Both HVAC units (Carrier) replaced in 2022, roof replaced 2018, $32k concrete block retaining wall done in 2022. Larger unit features 2-car garage with sink and work bench, sprinkler system control, wood burning fireplace, high ceiling in master suite that features double sinks & walk-in shower, extra parking pad next to garage, stable tenant been there for 10 years. Smaller unit has a 2-car carport and outside storage room. Projected rent range for smaller unit $1700-$1800, and for larger unit $2000-$2100. No work needed, turn key with existing tenant & higher rent roll for new future tenant. May also work for owner-investor occupant using rent to offset any mortgage.

Additional Information

Unexempt Taxes
$7,350
HOA
No HOA
Amenities
Fireplace
Annual Insurance
2381
Total Annual Expenses
Insurance
Gross Annual Expenses
9731
Gross Annual Income
34800
Lot Dimensions
83'x137'
Lot Size
11,194
Acres
0.26
Lot Description
Interior Lot, Landscaped, Subdivision
Subdivided
No
Interior Features
Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available
Flooring
Carpet, Tile, Wood
Foundation
Slab
Roof
Composition
Stories
1
Fireplaces
1
Fireplace Type
Brick, Wood Burning
Street Utilities
All Weather Road, Alley, City Sewer, City Water, Underground Utilities
Heating Cooling
Central, Electric
Exterior
Covered Patio/Porch, Rain Gutters, Storage
Construction Material
Brick
Garage Spaces
2
Carport Spaces
2
Parking Garage
Garage Single Door, Additional Parking, Alley Access, Attached Carport, Covered, Driveway, Garage Door Opener
Total Num Parking
4
School District
Rockwall Isd
Elementary School
Reinhardt
Middle School
Herman E Utley
High School
Rockwall
Possession
Lease Outstanding, Negotiable, Subject to Lease
Building Sq. Ft.
2763
Number of bldgs.
1
Number of units
2
Occupancy Rate
50
Tenancy
Month to Month, No Smoking, No Sublease, No Waterbeds, Over 9 Months, Pet Restrictions
Possession
Lease Outstanding, Negotiable, Subject to Lease
Cap Rate
5.3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Frank Lu from Coldwell Banker Realty. Contact: 972-772-1500