3951 N GARLAND AVENUE #1, GARLAND, TX 75040
Homes for sale in Garland.
Homes for sale in 75040.
List Price$668,000
3951 N Garland Avenue #1
Garland, TX 75040
Listing #21349490
10
Bedrooms
4 full, 4 partial
Bathrooms
4,089
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
Rare Investment Opportunity -- Entire Fourplex Four Individually Deeded Condominium Units Sold Together. Unlike a traditional fourplex, this unique ownership structure offers investors added flexibility through separate deeds while maintaining ownership of the entire building. Buyer to verify future resale, leasing, and HOA requirements. Delivered vacant and ready for its next owner, this property offers the flexibility to lease all four units at current market rents, renovate and reposition the asset, occupy one or more units while generating rental income from the others, or customize an investment strategy to meet your goals. One purchase acquires four separately deeded residences, making it an attractive opportunity for investors, owner-investors, or those completing a 1031 Exchange. Strategically located just minutes from the Garland VA Medical Center and the expanding Valoris HealthPark Medical District, the property benefits from proximity to one of North Texas' largest healthcare and government employment centers. The continued redevelopment of the former Baylor campus into Valoris HealthPark is bringing new medical offices, healthcare facilities, and public and private investment to the area, supporting long-term economic growth and housing demand. Ideally positioned near DART Rail, President George Bush Turnpike, I-635, and major employment corridors, the property offers convenient access to Downtown Dallas, Richardson, Plano, and surrounding business centers. Nearby hospitals, healthcare campuses, universities, corporate employers, shopping, dining, and entertainment further enhance the property's long-term investment appeal. Whether you're expanding your multifamily portfolio, completing a 1031 Exchange, or seeking a North Texas investment property with the flexibility to establish your own leasing strategy from day one, this is a rare opportunity to acquire an entire four-unit building with individually deeded ownership in a prime Garland location.
Property Features
Location Information
County
Dallas
Subdivision
Tomlinson Square-Winter Park
Interior Features
Interior
Cable TV
Cooling
Central Air
Full Baths
4
Floors
Tile
1/2 Baths
4
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Disposal
Has Fireplace
No
Total Number of Units
4
Heating
Central
Exterior Features
Stories
2
Pool Description
None
Construction
Brick
Lot Size in Acres
3.646
Foundation
Slab
Lot Size in Sq. Ft.
158,819
Roof
Composition
Buildings
1
Utilities
Sewer Available, Water Available, Cable Available
Building Total Area (Sq. Ft.)
4,089
Parking Description
Parking Lot
Is One Story
No
Garage Spaces
0
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
Has a Home Owners Association
Yes
Property Type
RI
HOA Fee
$295
Property SubType
Quadruplex
HOA Frequency
Monthly
Year Built
1984
HOA Includes
Association Management
Status
Active
Tax Annual Amount
4076.0
Similar Listings
Mortgage Calculator
$3,118
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,407
Monthly Tax
$556
Monthly Insurance
$155
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
Real Estate IDX Powered by iHomefinder
