$464,000
●
Multifamily -
Off Market
381 Orbit Drive
Lavon, TX 75166
6 Beds
0 Bath
2,536 Ft²
$411,906
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
**MULTIPLE OFFERS RECEIVED, DEADLINE FOR OFFERS IS SAT 2-26
@11AM.** 381 & 383 Orbit Dr. Full One Story Duplex Opportunity In
Popular Grand Heritage West Community. Perfect for investment cash
flow, or lease one side and live in the other. Each side of this
single story 2-car tandem garage duplex has 3bed, 2bath, separate
utility room, desirable layout, wood look tile, upgraded fixtures,
tile kitchen countertops-backsplash, private fenced back yards, and
full sprinkler system. Duplex has history of 100% rental occupancy.
Community features access to clubhouse, Lrg. community pool, splash
park, playground-park, fitness and business center. Community is
close to Lavonia Park with access to Lake Lavon.
Unit Size
2,536 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$158
Property Type
Multifamily
Property Taxes
$713
HOA Dues
$133
Year Built
2013
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (NTREIS #14761478)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 25, 2022 | Sold | ||
| Sold | |||
| Feb 18, 2022 | Listed by Ebby Halliday, Allen-Fairview | $400,000 | |
| Listed by Ebby Halliday, Allen-Fairview | |||
Property Highlights
Air Conditioning
Garage
Parking Details
Has Garage
Total Parking Spaces: 8
Parking Features: 0
Interior Details
Interior Features: Cable TV Available, Decorative Lighting, High Speed Internet Available
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed for Ice Maker
Flooring Type: Ceramic Tile
Exterior Details
Listing Terms: Cash, Conventional
Foundation Details: Slab
Roof: Composition
Window Features: Window Coverings
Construction Materials: Frame
Outdoor Living Structures: Covered, Patio
Few Trees, Greenbelt, Interior Lot, Landscaped, Lrg. Backyard Grass, Sprinkler System
Lot Size Acres: 0.1030
Financial Details
Special Taxing Entities: 1
Tax Block: B
Tax Lot: 15B
Unexempt Taxes: $8,550
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Location Details
HOA/Condo/Coop Fee Includes: Full Use of Facilities, Maintenance Structure, Management Fees
HOA Fee: $1,600
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/18/2022
| |
6 Bed
|
-
|
2536 ft²
|
$400,000
6 Bed
-
2536 ft²
|
$464,000
+16.00%
03/25/2022
|
Johanna Mattox
Ebby Halliday, Realtors
|
Building Info
About Lavon
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Listed by: Johanna Mattox, Ebby Halliday, Allen-Fairview
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14761478
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14761478
Details provided by NTREIS and may not match the public record
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