2713 Wimbledon CtGarland, TX 75041

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,071,190

  6.5%

  $988,793

  7%

  $918,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,887

  Geo Method

  $757,737

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,604,870

  Retail / Commercial

  $819,512

  Mixed-Use / Specialty

  $813,869

  Hospitality / Lodging

  $593,565

  Office

  $806,198

  Institutional / Educational

  $845,122

  Multifamily

  $1,201,000

  Automotive / Energy

  $724,391

  Parking / Income-Based Land

  $252,668

  Restaurant / Food Service

  $417,489

  Healthcare / Senior Housing

  $837,399

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

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