104 S 11TH STREET, GARLAND, TX 75040
Homes for sale in Garland.
Homes for sale in 75040.
104 S 11th Street
Garland, TX 75040
List Price$2,350,000
Listing #21154218
About This Property
Town Central Apartments is a 24-unit multifamily property located in the downtown Garland area of the Dallas--Fort Worth metroplex. Constructed in 1983, the community offers a 1 and 2 bedroom unit mix. The value add opportunity for future owners exists through interior enhancements. The property is situated one block east of Garland High School with convenient access to S. Garland Road, providing strong visibility and connectivity to major employment centers, retail, and public transit. Walking distance to downtown Garland amenities, dining, and entertainment. Freddy Mac assumable loan available for qualified buyers. Recent ownership has completed multiple capital improvements such as a new roof, exterior carpentry and rehabbed a handful of units that prove the pro forma market rent. Current property management is able to maintain 90% occupancy to help buyer secure financing. The asset presents a stable asset with value add potential. Town Central Apartments is well positioned within a supply-constrained submarket and benefits from established residential demand. Property tours are available by appointment. Buyer to independently verify all information, including unit count, square footage, condition, and zoning.
Property Features
Location Information
County
Dallas
Subdivision
JOYCE & ALEXANDER
Interior Features
Interior
High Speed Internet, Cable TV
Cooling
Electric, Wall/Window Unit(s)
Has Fireplace
No
Floors
Carpet, Ceramic Tile, Vinyl
Number of Fireplaces
0
Appliances
Dishwasher, Electric Oven, Electric Range, Disposal
Heating
Electric
Total Number of Units
24
Exterior Features
Stories
2
Lot Description
Subdivision
Construction
Brick, Wood Siding
Lot Size in Acres
0.689
Foundation
Slab
Lot Size in Sq. Ft.
30,012
Roof
Shingle
Buildings
2
Utilities
Sewer Available, Separate Meters, Water Available, Cable Available
Building Total Area (Sq. Ft.)
14,720
Security System
Fire Alarm
Road Description
Asphalt
Parking Description
Concrete
Is One Story
No
Garage Spaces
0
Lot Description
Subdivision
Pool Description
None
School
Elementary School District
Garland ISD
Jr. High School
Choice Of School
Elementary School
Choice Of School
High School
Choice Of School
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Apartment
Community Features
Curbs
Year Built
1983
Lot Acres Source
Assessor
Similar Listings
Mortgage Calculator
$10,974
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$8,468
Monthly Tax
$1,958
Monthly Insurance
$548
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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