Address
408 Dr Martin Luther King Jr, Waxahachie, TX
Price
$ 4,800,000
Property Attributes
- MLS#20497821
- TypeMulti-Family
- CountyELLIS
- CityWaxahachie
- NeighborhoodCrescent Crk Villas
- Zip75165
- StyleMultiple Single Units
- Year Built2021
- Taxes$ 59711
- Price$ 4,800,000
- Bedrooms26
- Full Bathrooms18
- Half Bathrooms0
- Sqr Footage20994
- 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.
| Elementary School |
|---|
| Marvin Elementary School |
| Price History | |
|---|---|
| 12/20/2023 | Listed $5,656,500 |
| 1/15/2024 | 16% - $4,800,000 |
General Features
| Heating | Electric |
|---|---|
| Complex Name | Spring Creek Villas |
| Cooling | Central Air |
| Utilities | City Sewer,City Water,Community Mailbox,Curbs,Sidewalk |
| Possession | Negotiable |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Dryer,Electric Range,Ice Maker,Microwave,Refrigerator,Washer |
| School District | Waxahachie ISD |
| Capitalization Rate | 4.49 |
| Pool Y/N | Yes |
| Year Built | 2021 |
| Tenancy | No Smoking,No Sublease,Over 9 Months,Pet Restrictions,Pets Allowed,Written Application Only |
| Levels | Two |
| Unexempt Taxes | 59711 |
| Will Subdivide | No |
| Gross Annual Expenses | 159492.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | Crescent Crk Villas |
| Insurance Expense | 27000 |
| Occupant Type | Tenant |
| County | Ellis |
| Operating Expense Includes | Accounting,Gardener,Insurance,Maintenance,Maintenance Grounds,Maintenance Structure,Manager,Professional Management,Supplies,Trash,Utilities |
| Property Type | Residential Income |
| Security Features | Fire Sprinkler System,Security Gate |
| Construction Materials | Brick |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 2 |
| Status | Active |
| Directions | I35...EXIT 287 BUSINESS...GO PAST DOWNTOWN SQUARE...PROPERTY IS ON THE RIGHT |
| City | Waxahachie |
| Buyer Agent Compensation | 2 |
| Elementary School Name | Marvin |
| High School | Waxahachie |
| Street Name | Dr Martin Luther King Jr |
| Elementary School | Marvin |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20497821 |
| Standard Status | Active |
| Junior High School | Evelyn Love Coleman |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Cable TV Available,Decorative Lighting,Granite Counters,Kitchen Island,Open Floorplan,Walk-In Closet(s) |
|---|---|
| Flooring | Ceramic Tile,Luxury Vinyl Plank |
| Occupancy Rate | 100 |
| Total Units | 18 |
| Unit Count | 5 |
| Full Baths | 2 |
| Lock Box Type | None |
| Total Bedrooms | 26 |
| Window Features | Window Coverings |
Exterior Features
| Exterior Features | Balcony,Covered Patio/Porch,Lighting,Outdoor Grill,Private Entrance |
|---|---|
| Lot Features | Few Trees,Interior Lot,Landscaped,Sprinkler System |
| Fencing | Metal |
| Lot Size Source | Public Records |
| Parking Features | Assigned |
| Lot Size | 1 to < 3 Acres |
| Foundation | Slab |
| Pool Features | Fenced,Gunite,In Ground,Water Feature |
| Lot Size Area | 1.0710 |
| Number Of Parking Spaces | 32 |
| Lot Size Units | Acres |
| Building Area Total | 20994.00 |
| Lot Size Square Feet | 46652.7600 |
| Lot Size Acres | 1.0710 |
| Patio And Porch Features | Covered |
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 Multi-Family Average in 75165
Price
Taxes
Visits
Year Built
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