2733 Patricia Lane

Garland, TX 75041

$485,000
Price
8
Beds
4
Baths
4
1/2 Baths
4,944 Sq. Ft.
$98 / Sq. Ft.
4,944
Sq. Ft.
$98
per Sq. Ft.

Property Details for 2733 Patricia Lane

StatusActive Kick Out
MLS #14212995
Year Built1984
DOM19
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Lot Size0.36 AC / 15,681 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyDallas County

Listing Agent

Susie Jenks

JP Piccinini Real Estate Services LLC

susie.jgrealtygroup@gmail.com

P: (972) 607-6806

M: (972) 607-6806

Contact Agent(s)

Property Details for 2733 Patricia Lane

Subdivision Name
English Estates 6 Wimbledon Garden
MLS Area Major
GARLAND AREA (24)
School District
Garland ISD
Pool
No
Number Of Parking Spaces
8

Description

Great investment opportunity! Fully occupied and cash flowing 4 plex. Cap rate of 7.11%. Each unit has spacious, functional layout with 2 beds and 1 full bath upstairs, and living, dining, kitchen and half bath down. There is parking in the driveways in alley or on street. 2 units were lightly remodeled a few years ago, the other 2 units in great condition. Pictures are of one of the units that have not been remodeled when it was vacant in August. All 4 units are currently rented out under market... value. Market value rent supports rents of $1075-1125. Cap rate increases to 8.2% with increased rents. DOM has typically been under 30 days when leasing.

Location

Listing Courtesy of JP Piccinini Real Estate Services LLC, Susie Jenks; JP Piccinini Real Estate Services LLC, Jhon Garcia

Building Information for 2733 Patricia Lane

Stories-Residences-Year Built1984Building Size-Lot Size0.36 AC / 15,681 SF

Payment Calculator

$1,744 per month

30 year fixed, 3.51% Interest

Principal and Interest

$1,744

Property Taxes

HOA Dues

$0

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Property Information for 2733 Patricia Lane

Summary
    Location and General Information
  • Block: 1
  • Complex Name: Wimbledon Garden
  • MLS Area Minor: GARLAND (3)
  • Directions: From 635, go east on 78. Turn left on Patricia. Property is to the left.
  • Elementary School: Choice of School
  • High School Name: Choice of School
  • Middle School: Choice of School
  • Year Built Details: Preowned
    Parking
  • Parking Features: On Street, Rear, Uncovered
    Taxes and HOA Information
  • Taxes: $10,711
  • Tax Legal Description: ENGLISH ESTS 6/WIMBLEDON GARDENS BLK 1 LOT 1 INT20
  • Association Type: None
Interior and Exterior Features
    Interior Features
  • Heating: Central Air-Elec, Central Heat-Elec
  • Interior Features: Cable TV Available, High Speed Internet Available, Window Coverings
  • Other Equipment: Dishwasher, Disposal, Range/Oven-Electric, Vent Mechanism
    Exterior Features
  • Building Area Source: Tax
  • Construction Materials: Brick,Siding
  • Exterior Features: Patio Open
  • Fencing: Wood
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Waterfront: No
Property
    Utilities
  • Utilities: Alley, City Sewer, Curbs, Sidewalk
    Property and Assessments
  • Energy Saving Features: Ceiling Fans, Electric Water Heater
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Smoke Detector
  • Security System: Yes
    Lot Information
  • Lot Features: Corner, Some Trees
  • Lot Number: 1
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Area: 0
  • Lot Size Units: Acres
  • Multi Parcel ID: No
  • Parcel Number: 26-17361-001-001-0000
Multi Family
    Multi Family Information
  • Number Of Buildings: 1
  • SQFT Building: 4944
  • Capitalization Rate: 7.12
  • Gross Annual Expenses: $13,011
  • Gross Annual Income: $47,520
  • Insurance Expense: $1,800
  • Net Annual Income: $34,509
  • Total Annual Expenses Include: Insurance, Lawn Care, Taxes
    Unit 1
  • Dining Area Length: 10
  • Dining Area Width: 1
  • Kitchen Length: 11
  • Kitchen Width: 8
  • Lease: 1005
  • Living Area Length: 15
  • Living Area Width: 13
  • Master Bed Length: 14
  • Master Bed Width: 13
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Number Of Beds: 2
  • Number Of Units: 2
  • Sq Ft: 1236
    Unit 2
  • Dining Area Length: 10
  • Dining Area Width: 10
  • Kitchen Length: 11
  • Kitchen Width: 8
  • Lease: 975
  • Living Area Length: 15
  • Living Area Width: 13
  • Master Bed Length: 14
  • Master Bed Width: 13
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Number Of Beds: 2
  • Number Of Units: 2
  • Sq Ft: 1236

Property History for 2733 Patricia Lane

DateEvent & SourcePriceAppreciation
Nov 10, 2019Active Kick Out

NTREIS #14212995

Oct 25, 2019Pending

NTREIS #14212995

Oct 22, 2019Listed (Active)

NTREIS #14212995

$485,000
DateEvent & SourcePrice
11/10/2019
Active Kick Out

NTREIS #14212995

10/25/2019
Pending

NTREIS #14212995

10/22/2019
Listed (Active)

NTREIS #14212995

$485,000

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

Public Records for 2733 Patricia Lane

Taxable ValueLand$28,350Additions$351,340Total$379,690
Tax Record2018$10,711
Home Facts
Beds8Baths10Finished Sq.Ft.4,944 SqFtStories2Lot Size15,699 SqFtStyleMulti-Family Res (5+ Units)Year Built1984Year Renovated1984

Schools near 2733 Patricia Lane

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Sam Houston Middle SchoolPublic6-80.5 mi
4
Park Crest Elementary SchoolPublicPK-50.6 mi
4
Caldwell Elementary SchoolPublicPK-50.9 mi
4
Miller Road Baptist Academy/ABCPrivatePK-K1.0 mi
NR

Sam Houston Middle School

6-8, 0.5 mi, Public

4

Park Crest Elementary School

PK-5, 0.6 mi, Public

4

Caldwell Elementary School

PK-5, 0.9 mi, Public

4

Miller Road Baptist Academy/ABC

PK-K, 1.0 mi, Private

NR

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.

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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 expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of JP Piccinini Real Estate Services LLC, Susie Jenks; JP Piccinini Real Estate Services LLC, Jhon Garcia
The information being provided by North Texas Real Estate Information Systems (NTREIS) 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 2019 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 11/10/2019 04:39 PM