4611 Stout Road, Midlothian, Ellis County, Texas 76065, USA

Texas, Midlothian
$1,450,000
  • 8 Beds
  • 4 Bath
  • 19.16 Acre
  • Residential Income Property Type
  • 1930 Year Built
  • Active Status
Steven M
Steven M Realtyna
  • (302) 525 8222
  • (302) 525 8222
  • Support@Realtyna.com
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
  • (302) 525 8222
Property Description

This four-family home in Ridgewood is located on a quiet, tree-lined street and features four comparably sized two-bedroom, one-bathroom apartments. Three of the units are vacant, and 1R is occupied, with the tenant currently paying $1,250 but the tenant agrees to pay market rent at $2,500. The ground floor units have the potential to be duplexed with a backyard. Once renovated, this property will boast a 8.6% cap rate with a projected gross annual income of $139,200, making it an attractive investment deal in one of New York City’s most popular neighborhoods.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 20247704
  • Price: $1,450,000
  • Year Built: 1930
  • Lot Area: 19.16 Acre
  • Status: Active
  • Office Name: Ebby Halliday, REALTORS
  • Agent Name: Joel Arredondo
  • Property Sub Type: Multi-Unit (2-4)
Features
  • Fence Pipe
  • Utilities Co-op Water
Address Map
  • Country US
  • State TX
  • County Ellis
  • City Midlothian
  • Zipcode 76065
  • Street: Stout
  • Street Number: 4611
  • Street Suffix: Road
  • Longitude: W97° 3' 37.1''
  • Latitude: N32° 26' 43.9''
Neighborhood
  • Elementary School: Wedgeworth
  • High School: Waxahachie
  • School District: Waxahachie ISD
Additional Information
  • Possible Use: Agricultural,Single Family
Listing Information
  • List Agent Mls Id: 0567540
  • Listing Term: Cash,Conventional,VA Loan
  • Mls Status: Expired
  • Modification Timestamp: 2024-01-24T09:20:45Z
  • Originating System Name: Demo
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