363 Armstrong Ln

1,202 Sq. Ft.
$412 / Sq. Ft.
1,202
Sq. Ft.
$412
per Sq. Ft.

Description

Maximize your investment portfolio with this turnkey, single-story full duplex situated on a premium corner lot in the highly sought-after Grand Heritage West community. Built in 2010 and meticulously maintained, this property boasts a proven track record of 100% occupancy, making it an ideal addition for a savvy investor or a perfect house-hacking opportunity in the booming North Texas market. Each side of this spacious duplex features a functional and modern layout with 3 generous bedrooms, 2 full...Maximize your investment portfolio with this turnkey, single-story full duplex situated on a premium corner lot in the highly sought-after Grand Heritage West community. Built in 2010 and meticulously maintained, this property boasts a proven track record of 100% occupancy, making it an ideal addition for a savvy investor or a perfect house-hacking opportunity in the booming North Texas market. Each side of this spacious duplex features a functional and modern layout with 3 generous bedrooms, 2 full bathrooms, and an open-concept living area. Tenants enjoy high-end touches including upgraded fixtures, walk-in closets, dedicated utility rooms, and private fenced backyards equipped with full sprinkler systems. Ample parking is provided by two separate attached 2-car garages (4 spaces total). Beyond the units themselves, the location is a major draw for high-quality, long-term tenants. Residents gain full access to the premier Grand Heritage Club, a multi-million dollar amenity center featuring a resort-style pool, splash pad, 24-hour fitness center, clubhouse, and business center. The community also offers expansive parks, jogging trails, and fishing ponds, all while being minutes away from the recreational opportunities at Lake Lavon. Strategically located with easy access to Highways 78 and 205, this property offers a seamless commute to Wylie, Rockwall, and Plano. Lavon is one of the fastest-growing areas in Collin County, ensuring steady demand and long-term appreciation potential. Both units are currently tenant-occupied, providing immediate cash flow from day one. Don't miss out on this rare chance to own a high-performing income property in a location that truly sells itself.
  1. Listed by Chris Wright • TREC #0702779 • eXp Realty, LLC • 888-519-7431

Property Details for 363 Armstrong Lane

Subdivision Name
Grand Heritage - West C
HOA Management Company
Lavon Grand Heritage HOA
Pool
No
Garage Spaces
4
Number Of Parking Spaces
4
LISTING UPDATED: 03/27/2026 05:10 PM

Property Details for 363 Armstrong Lane

StatusActive
MLS #21214637
Days on Market9
Taxes-
HOA Fees$1,920 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2010
Lot Size0.08 AC / 3,702 SF
CountyCollin County

Location

Listing Courtesy of eXp Realty, LLC, Chris Wright
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Building Information for 363 Armstrong Lane

Stories1Residences2Year Built2010Building Size-Lot Size0.08 AC / 3,702 SF

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$2,978 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,402

Property Taxes

$416

HOA Dues

$160

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Property Information for 363 Armstrong Lane

Summary
Location and General Information
  • Block: E
  • Complex Name: ARMSTRONG LN
  • Directions: Please use GPS
  • Elementary School: John & Barbara Roderick
  • Elementary School Name: John & Barbara Roderick
  • High School: Community
  • High School Name: Community
  • Middle School: Community Trails
  • Year Built Details: Preowned
  • School District: Community ISD
  • Geocode Confidence: High
  • Latitude: 33.02
  • Longitude: -96.46
  • State: Texas
Parking
  • Parking Features: Driveway, Garage, Garage Faces Front
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 4
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: GRAND HERITAGE - WEST C (CLA), BLK E, LOT 18A
  • Association Fee Includes: Full Use of Facilities, Maintenance Grounds, Management Fees
  • Association Type: Mandatory
  • HOA Management Company Phone: 972-843-4222
  • Association Fee: $1,920.00
  • Association Fee Frequency: Annually
  • Tax Lot: 18A
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Tile, Vinyl
  • Heating: Central, Electric
  • Interior Features: Built-in Features, Eat-in Kitchen, High Speed Internet Available
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Refrigerator
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick, Siding
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: Cable Available, City Sewer, City Water, Curbs, Electricity Connected, Individual Gas Meter
Property and Assessments
  • Exclusions: Tenant personal property
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.085
  • Lot Size Area: 0.085
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3702.6
  • Multi Parcel ID: Yes
  • Parcel Number: R959100E018A1
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 3.36%
  • Gross Annual Expenses: $4,320
  • Gross Annual Income: $56,508
  • Insurance Expense: $4,874
  • Net Operation Income: $16,634.00
Unit 1
  • Approximate SQFT: 1202.0
  • Average Lease Amount: $2,615.00
  • Living Area Length: 3.0
  • Living Area Width: 2.0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1202.0
  • Average Lease Amount: $2,094.00
  • Living Area Length: 3.0
  • Living Area Width: 2.0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 363 Armstrong Lane

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Listed (Active)

NTREIS #21214637

$495,000—
May 24, 2023

Sold

NTREIS #20251783

—
May 24, 2023

Withdrawn

NTREIS #20251783

—
Apr 28, 2023

Pending

NTREIS #20251783

—
Apr 26, 2023

Active Option Contract

NTREIS #20251783

—
Mar 22, 2023

Price Change

NTREIS #20251783

$247,500—
Feb 7, 2023

Listed (Active)

NTREIS #20251783

$250,000—
DateEvent & SourcePrice
03/20/2026

Listed (Active)

NTREIS #21214637

$495,000
05/24/2023

Sold

NTREIS #20251783

—
05/24/2023

Withdrawn

NTREIS #20251783

—
04/28/2023

Pending

NTREIS #20251783

—
04/26/2023

Active Option Contract

NTREIS #20251783

—
03/22/2023

Price Change

NTREIS #20251783

$247,500
02/07/2023

Listed (Active)

NTREIS #20251783

$250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 363 Armstrong Lane

Taxable ValueLand$55,000Additions$164,000Total$219,000
Tax Record2024$4,988 ($416 / month)
Home Facts
Baths2Total Finished SqFt1,202 SqFtAbove Grade Finished SqFt1,202 SqFtStories1StyleDuplexYear Built2010CountyCOLLINAPNR-9591-00E-018A-1Fireplace TypeHas Fireplace

Schools near 363 Armstrong Lane

This home is within Community Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 3 to 11
Public - 9 to 12
Rating
School
Distance
Nesmith Elementary School
PublicPK to 5

Braves Academy
Public3 to 11

Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

363 Armstrong Lane is a multi-family home for sale in Lavon, TX 75166. This property was listed for sale on March 20, 2026 by eXp Realty, LLC, it's currently listed at $495,000. It has been on the market for a total of 9 days and was last sold on May 24, 2023. This listing's school district is Community Independent School District. Nearby schools include Nesmith Elementary School, Braves Academy and Community High School. 363 Armstrong Lane is a 6-bed, 4-bath, 1,202 sqft multi-family home built in 2010.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC, Chris Wright

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 03/27/2026 05:10 PM