2713 Wimbledon CtGarland, TX 75041

  • Residential income properties
  • 4,160 SF
For Sale
$600,000 View listing

Property Details for 2713 Wimbledon Ct

Year built
1986
Construction
FRAME
Lot size
0.20 AC
Property size (Sq ft)
4,160 SF
Zone code
Z390
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
26173610020040000
APU
26173610020040000

Description

This exceptional two-story, fourplex apartment building presents a compelling investment opportunity in the desirable Garland, Texas market. Located at 2713 Wimbledon Court, 75041, this 4,160 square foot property sits on a 0.2-acre lot (8,886 square feet) and boasts a prime location near Garland Road and I-635, ensuring convenient access to major thoroughfares. Built in 1986, the property comprises four townhouse-style units, each featuring two bedrooms and 1.5 bathrooms. Current gross monthly rent totals $3,895, with individual unit rents starting at $950 and reaching $1,005. Tenants are responsible for all utilities. Recent improvements include the replacement of two HVAC units within the last two years, and units feature updated ceramic tile or luxury vinyl plank (LVP) flooring. Comparable remodeled units in the area command rents exceeding $1,300, indicating significant potential for rental income growth. This property offers an excellent opportunity for immediate cash flow and long-term appreciation, making it an ideal addition to any investment portfolio. The property's strong location and recent upgrades combine to create a compelling investment opportunity with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $955,582
    6.5%
    $882,076
    7%
    $819,070
  • Comparable approach

    Method
    Valuation
    Relative Method
    $793,397
    Geo Method
    $1,003,840
  • Alternative Use

    Use
    Valuation
    Residential
    $882,076
    Hospitality
    $807,976
    Educational
    $672,227
    Medical
    $695,346
    Retail
    $1,045,686
2713 Wimbledon Ct, Garland, Texas

Location Insight

City
Garland
County
Dallas
State
Texas
Latitude
32.8815
Longitude
-96.6605
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,244
$40,000
$451,410
$491,410
-
$40,000
$451,410
$491,410

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