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$735,000
Est. payment /mo
4 Beds
4 Baths
3,414 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,414 sqft
Price per Sqft $215
Subdivision Henshaw Creek
MLS Listing ID 26006744
Bedrooms 4
Year Built 2024
Tax Year 2025
Property Sub-Type Duplex
Property Description
Newly constructed duplex (2 units), 100% occupied, delivering strong in-place performance at an attractive 6.35% cap rate with an average rent rate of $1.54/SF. Each unit has 2 bedrooms and 2 bathrooms. 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. Additional duplexes are available, and a buyer may purchase one or all four as a portfolio (8 total units) if desired. This 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. 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 duplexes and build-ready lots are also available for sale immediately adjacent, offering a rare opportunity to expand the footprint and create a scalable duplex portfolio in one location.
Location
State TX
County Smith
Zoning Multi Fam Dwelling 2 ½ St
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
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Listed by Cole Ihrig • Ihrig Properties
Nearby School & Business
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