$4,750,000 - Price Reduction

$4,750,000 1601 Wynn Joyce Road Garland, TX

MLS: 13462243   Type: Multi-Family   County: Dallas   City: Garland   Neighborhood: Wyngate   Zip: 75043   Style: MUL-Apartment/5Plex+     Stories: 2   Taxes: $76,078

Mortgage $22,300 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

49,647

5.82

1983

Wyngate Townhomes is an excellent Garland investment opportunity to acquire 45 existing units, and an additional 1.2 acres of contiguous multi-family development land. The asset is stable, 100% occupied, with increasing revenue to reach a 6.6% cap (5.6% present), and 2 acres to build an additional 20 more units. Individually metered, and billed back water, the property has 37 two bedroom units and 8 one bedrooms. Call agent for operating details!

Elementary School

Middle School

High School

Choice Of School
Distance: N/A Miles
Choice Of School
Distance: N/A Miles
Choice Of School
Distance: N/A Miles

Price History

9/16/2016 Listed $5,500,000
11/11/2016 8% - $5,100,000
11/30/2016 7% - $4,750,000

Association Type None
Block 1
Complex Name Wyngate Townhomes
Handicap Access 0
Listing Area GARLAND AREA (24)
Lot Number 1R
Number Of Buildings 7
Other Equipment Built-in Microwave, Cooktop - Electric, Dishwasher, Disposal, Oven-Electric
Property Type Multi-Family
School District Garland ISD
School Name Choice Of School
Sub Area GARLAND (3)
Type MUL-Apartment/5Plex+
Year Built Details Preowned

Interior Features

Flooring Carpet, Ceramic Tile, Laminate
Heating Central Air-Elec, Central Heat-Elec
Interior Features Bay Windows, Vaulted Ceilings, Window Coverings
Number of Units 45
Occupancy Rate 100
Security System Yn 0
Sqft Building 49647
Stories 2
Unit Count 0

Exterior Features

Construction Materials Brick, Wood
Exterior Patio Covered, Patio Open
Fencing Wood
Foundation Details Slab
Lot Acreage
Lot Size Area 5.823
Lot Size Area (acres) 5.823
Lot Size Area (sq Ft) 253649
Lot Size Units Acres
Number Of Parking Spaces 0
Parking Features Area Assigned, Assigned Garage
Pool 1
Pool Features In Ground Fiberglass

Property Schools



Direct Link:

http://www.jphomesforsale.com/property/37-13462243-1601-Wynn-Joyce-Road-Garland-TX-75043

Ask Your Agent a Question

Property vs Zip Code Avg (75043)

Price 4.75M Avg 4.75M

Sqr Feet 49,647 Avg 49,647

Cost / Sqr Ft $96 Avg $96

Taxes $76,078 Avg $76,078

Acres 5.82 Avg 5.82

Visits 37 Avg 38

Days on Site 80 Avg 80

Walkscore® 67 Avg 67

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Listing Provided Courtesy Of: Dave Perry Miller Real Estate




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Location & Address

JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
4692875503

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