Garland, TX 75041,302 Candlewood Lane #304,320
Garland, TX 75041,302 Candlewood Lane #304,320
Garland, TX 75041,302 Candlewood Lane #304,320
35
$2,700,000
Est.Price: ?

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20,306 SqFt

302 Candlewood Lane #304, 320 Garland, TX 75041

Est. payment /mo
SOLD DATE : 08/21/2023

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 20,306 sqft

Price per Sqft $132

Subdivision Linda Heights Terrace

MLS Listing ID 20213527

Sold Date 08/21/23

Total Fin. Sqft 20306

Year Built 1972

Annual Tax Amount $42,864

Lot Size 1.232 Acres

Acres 1.232

Property Description

Incredible 18-unit value add opportunity priced below area market rents. The investment opportunity has a mix of 4 2-bedroom units and 14 3-bedroom. units. Parking is 2.2 spaces per unit with a separate storage unit for each unit. Recently improved units are stabilized at 1500 per unit. See Offering Memorandum for details. Garland-Rowlett is a primarily blue-collar submarket located east of the demographic and office-using employment growth north of Dallas. From a development and investment perspective, the submarket offers several benefits.
Rent growth continues to register above pre-crisis norms. A surge in renter demand pushed rent growth to record performances in 2021. Properties in the northwestern part of the submarket aim to tap into spillover demand created by the growth in the northern suburbs, particularly the CityLine development in Richardson. Most of that growth falls along the George Bush Tollway, a key thoroughfare for commuters.

Location

State TX

County Dallas

Zoning Apartment

Direction Take Centerville South to Bardfield turn right to Candlewood on the left. Unit 304 & 320

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Ceramic Tile, Combination, Laminate, Vinyl

Heat Source Central, Electric

Exterior

Utilities Available Alley, City Sewer, City Water

Roof Type Composition

Parking Type Attached Carport, Off Street

Garage No

Building

Foundation Slab

Structure Type Brick,Siding

Others

Ownership Belsize Park Properties LLC

Financing Cash

Read Less


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Britt Morris • Halo Group Realty
Bought with Non-Mls Member • NON MLS

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Genevieve Golden

Broker | License ID: 0603993

+1(903) 268-6347

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