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$ 3,100,000
Est. payment | /mo
10 Beds
10 Baths
14,980 SqFt
$ 3,100,000
Est. payment | /mo
10 Beds
10 Baths
14,980 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 14,980 sqft
Price per Sqft $206
Subdivision Henshaw Creek
MLS Listing ID 26004024
Bedrooms 10
Year Built 2023
Annual Tax Amount $36,447
Tax Year 2025
Property Sub-Type Duplex
Property Description
FOR SALE: Four newly constructed duplexes (8 total units), 100% occupied, delivering strong in-place performance at an attractive 6.3% cap rate with an average rent rate of $1.49/SF. Designed with modern finishes and durable, low-maintenance materials, this property targets quality tenants and provides a turnkey opportunity for investors seeking stabilized cash flow in a growing area. Each unit features open-concept living, high ceilings, and abundant natural light. Kitchens are finished with stainless steel appliances, quartz countertops, custom cabinetry, and a breakfast bar. Units offer 2–3 bedrooms, including primary suites with well-appointed bathrooms featuring dual vanities and walk-in showers. Tenants enjoy fenced backyards, with yard maintenance handled by the HOA, supporting a low-touch ownership profile. Additional features include energy-efficient appliances and construction, attached 2-car garages, and ample additional parking. The neighborhood is positioned for continued demand with future amenities planned, including a pond and walking/biking trails, and is conveniently located near shopping, schools, and parks. Bonus Upside / Expansion: Additional duplex lots are also available for sale immediately adjacent to the community, offering a rare opportunity to expand the footprint and create a scalable duplex portfolio in one location.
Location
State TX
County Smith
Zoning Two Family Dwelling
Interior
Heating Central Electric
Cooling Central Electric
Fireplaces Type None
Exterior
View Y/N No
Building
Foundation Slab
Schools
Elementary Schools Jack
Middle Schools Three Lakes
High Schools Tyler Legacy
Listed by Cole Ihrig • P&I Real Estate Management
Nearby Locations
Top 1% Real Estate Team in Texas
Over $2 Billion in Total Sales