Price Reduction
Address
408 Dr Martin Luther King Jr, Waxahachie, TX
Price
$ 4,400,000
Property Attributes
  • MLS#20497821
  • TypeMulti-Family
  • CountyELLIS
  • CityWaxahachie
  • NeighborhoodCrescent Crk Villas
  • Zip75165
  • StyleMultiple Single Units
  • Year Built2021
  • Taxes$ 59711
  • Price$ 4,400,000
  • 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
4/30/2024 9% - $4,400,000

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 4.90
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
AVG $2.2M
$4.4M
Taxes
AVG $28,596
$59,711
Visits
AVG 255
513
Data Provided by Inside Real Estate®
Year Built
AVG 1985
2021

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