2713 Wimbledon CtGarland, TX 75041
- Residential income properties
- 4,160 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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