Euless, TX 76039 1501 Cedar Elm Drive
$2,500,000
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Presented By: Lalit Thakkar with Fathom Realty; 888-455-6040
Home Details
Fully occupied an Exceptional Investment Opportunity in a Prime Location in Euless. Embark on a rewarding investment journey with this meticulously maintained property showcasing ten rental units, each thoughtfully designed with attached garages and abundant parking space. Set on an additional 0.13 acres to add 6 to 7 units, this property enjoys a strategic position in the Mid-Cities region, providing effortless access to the entire DFW Metroplex and a quick 15-minute drive to the DFW International Airport. Most units have been tastefully remodeled, boasting fresh paint, new fixtures, modern appliances, contemporary lighting features such as can lights and fans, luxurious wood-look vinyl flooring, and elegant quartz countertops in kitchens and bathrooms. All units have a refrigerator, washer, and dryer for added convenience. To seize this opportunity, kindly submit offers or Letters of Intent (LOI) along with proof of funds via email.
Presented By: Lalit Thakkar with Fathom Realty; 888-455-6040
Interior Features for 1501 Cedar Elm Drive
Bathrooms
Total Baths
Other Interior Features
Unit Count10
Lock Box TypeSee Remarks
Window FeaturesWindow Coverings
FlooringCarpet, Luxury Vinyl Plank, Tile
Interior FeaturesHigh Speed Internet Available, Open Floorplan, Pantry
Occupancy Rate100
Total Units10
General for 1501 Cedar Elm Drive
# of Buildings1
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Refrigerator, Washer
Capitalization Rate5.41
CityEuless
Community FeaturesCommunity Sprinkler, Sidewalks
Complex NameMonarch Condos
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air, Electric
CountyTarrant
DirectionsPlease use your favourite GPS
Elementary SchoolLakewood
Elementary School NameLakewood
Gross Annual Expenses54417.00
HOA TypeNone
HeatingCentral, Electric
High SchoolTrinity
Insurance Expense9880
Junior High SchoolEuless
LevelsTwo
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeMultiple Single Units
Property TypeResidential Income
RoofShingle
School DistrictHurst-Euless-Bedford ISD
Security FeaturesCarbon Monoxide Detector(s)
Standard StatusActive
StatusActive
Subdivision NameMonarch Condos
TenancyNo Smoking, No Sublease, No Waterbeds, Over 9 Months, Pets Allowed, Written Application Only
Unexempt Taxes34420
UtilitiesAll Weather Road, Cable Available, City Sewer, City Water, Electricity Available, Individual Water Meter, Sewer Available, Sidewalk, Underground Utilities
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1995
Year Built DetailsPreowned
Exterior for 1501 Cedar Elm Drive
Attached Garage Y/NYes
Building Area Total10200.00
Exterior FeaturesBarbecue
FencingWood
Foundation Slab
Garage Length20
Garage Width10
Garage Y/NYes
Lot FeaturesInterior Lot, Irregular Lot
Lot Size Acres0.6660
Lot Size Area0.6660
Lot Size Square Feet29010.9600
Lot Size UnitsAcres
Number Of Parking Spaces10
Parking FeaturesGarage, Garage Door Opener, Garage Single Door
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
Lakewood Elementary School
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KATHY REED
Realtor