Euless, TX 76039 1501 Cedar Elm Drive

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Presented By: Lalit Thakkar with Fathom Realty; 888-455-6040
  • MLS# 20592668
  • 05/01/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 10
  • Baths • 10
  • Garage • 1

Home Details

100% 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 8 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
FlooringCarpet, Luxury Vinyl Plank
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
Capitalization Rate4.83
CityEuless
Complex NameMonarch Condos
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air, Electric
CountyTarrant
DirectionsPlease use your favourite GPS
Elementary SchoolLakewood
Elementary School NameLakewood
Gross Annual Expenses47503.00
HOA TypeNone
HeatingCentral, Electric
High SchoolTrinity
Insurance Expense9881
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, 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 Single Door, Garage, Garage Door Opener

Additional Details

Price History

Schools

Middle School N/A
Elementary School Lakewood Elementary School
High School N/A

Worth Clark

Price $2,850,000
MLS#20592668
List Date 05/01/2024
Property Type Multi-Family
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