Address
408 Dr Martin Luther King Jr Boulevard, Waxahachie, TX
Price
$ 4,800,000
Property Attributes
- MLS#20494882
- TypeCommercial
- CountyELLIS
- CityWaxahachie
- NeighborhoodCrescent Crk Villas
- Zip75165
- StyleBusiness
- Year Built2021
- Taxes$ 59711
- Price$ 4,800,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.071 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
SPRING CREEK VILLAS.....OPPORTUNITY TO BUY LUXURY APARTMENTS IN BOOMING AREA OF WAXAHACHIE. ENJOY WALKING DISTANCE TO DOWNTOWN! GREAT INVESTMENT PROPERTY WITH 18 UNITS. BUILDINGS COMPLETED IN 2022. Located close to shopping, spas, art, weekend events and great restaurants! All appliances including washer and dryer. Contemporary open floor plan with huge kitchen island and so much natural lighting. The kitchen and bathroom have custom cabinetry and many upgraded amenities. Tall ceilings and huge windows! Gated assigned parking and beautiful landscaping. Pool with cabana and outdoor cooking area. Access to Waxahachie Creek Hike and Bike Trail.
| Price History | |
|---|---|
| 12/19/2023 | Listed $5,656,500 |
| 1/15/2024 | 16% - $4,800,000 |
General Features
| Heating | Electric |
|---|---|
| Cooling | Central Air |
| Utilities | City Sewer,City Water,Community Mailbox,Curbs,Sidewalk |
| Ceiling Height | 8 to10 Feet |
| Possession | Negotiable |
| Roof | Composition |
| Year Built | 2021 |
| Tenant Pays | All Utilities,Cable TV |
| Business Type | Rental,Residential |
| Business Name | Spring Creek Villas LLC |
| Unexempt Taxes | 59711 |
| Building Use | Other |
| Average Monthly Lease | 1800 |
| Owner Pays | Exterior Maintenance,Grounds Care,Management,Pool Maintenance,Trash Collection |
| Will Subdivide | No |
| Building Number | 2 |
| Gross Annual Expenses | 159492.00 |
| Property SubType | Business |
| Subdivision Name | Crescent Crk Villas |
| Zoning Description | MULTI FAMILY |
| Insurance Expense | 27000 |
| Occupant Type | Tenant |
| County | Ellis |
| Property Type | Commercial Sale |
| Security Features | Fire Sprinkler System,Security Gate |
| Construction Materials | Brick |
| Year Built Details | Preowned |
| Number Of Leaseable Spaces | 18 |
| Number Of Spaces Leased | 18 |
| Status | Active |
| Directions | I35...EXIT 287 BUSINESS...GO PAST DOWNTOWN SQUARE...PROPERTY IS ON THE RIGHT |
| City | Waxahachie |
| Buyer Agent Compensation | 2 |
| Street Name | Dr Martin Luther King Jr |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20494882 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Ceramic Tile,Luxury Vinyl Plank |
|---|---|
| Occupancy Rate | 100 |
| Total Stories | 2 |
| Total Units | 18 |
| SQFT Gross | 20994 |
| Lock Box Type | None |
| Street Suffix | Boulevard |
Exterior Features
| Lot Features | Few Trees,Interior Lot,Landscaped,Sprinkler System |
|---|---|
| Lot Size Source | Public Records |
| Parking Features | Assigned |
| Lot Size | 1 to < 3 Acres |
| Foundation | Slab |
| Lot Size Area | 1.0710 |
| Lot Size Units | Acres |
| Building Area Total | 19504.00 |
| Road Frontage Type | City Street,Curbs/Gutters,Sidewalk |
| Lot Size Square Feet | 46652.7600 |
| Lot Size Acres | 1.0710 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75165
Price
Taxes
Visits
Year Built
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