Midlothian, TX 76065 6816-6818-6820 Florence Drive
$975,000
30 more
- MLS# 21052104
- 09/05/2025
Presented By: Erion Shehaj with Signature Real Estate; 713-952-3200
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Beds • 9
Full/Half Baths • 6 / 3
Garage • 6
Year Built • 2025
Home Details
PRIME investment opportunity: 5.25% financing when using preferred Lender for a limited time! Turnkey Cashflow positive Class-A new construction luxury Triplex on acre lots with LOW property taxes in scorching hot DFW market. This triplex features three 1838sf units with 3 bedrooms, 2.5 baths and 2 car garage. Each unit has a covered patio and a fenced in back yard. Triplex is under construction with estimated completion date of December 2025. Edgewood Estates is located in Midlothian Texas, and it is zoned to good Waxahachie ISD. Midlothian is just a short 30 min drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 min drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White as well as to Midlothian and Waxahachie’s retail and dining. Proven rents of $2,525 per unit per month. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!
Presented By: Erion Shehaj with Signature Real Estate; 713-952-3200
Interior Features for 6816-6818-6820 Florence Drive
Bedrooms
Total Bedrooms9
Bathrooms
Half Baths3
Total Baths9
Other Interior Features
FlooringCarpet, Luxury Vinyl Plank
Interior FeaturesDouble Vanity, Granite Counters, Kitchen Island, Pantry, Walk-In Closet(s)
Lock Box TypeNone
Total Units3
Unit Count3
General for 6816-6818-6820 Florence Drive
# of Buildings1
Accessory Unit Y/NNo
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
Assoc Fees1597
Association Fee FrequencyAnnually
Capitalization Rate6.07
CityMidlothian
Complex NameEdgewood Estates
Construction MaterialsBrick, Siding, Stone Veneer, Wood
CoolingElectric
CountyEllis
DirectionsStreets in new construction communities do not always map correctly. This community sits at the corner of 875 and Edgewood Rd
Elementary SchoolWedgeworth
Elementary School NameWedgeworth
Full Baths6
Gross Annual Expenses28951.00
HOA Fee IncludesFront Yard Maintenance, Maintenance Grounds
HOA TypeMandatory
HeatingElectric
High SchoolWaxahachie
Insurance Expense3998
Junior High SchoolEvelyn Love Coleman
LevelsTwo
Listing TermsCash, Conventional, FHA, VA Loan
Number of Garage Spaces6
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeTriplex
Property TypeResidential Income
RoofComposition
School DistrictWaxahachie ISD
Standard StatusActive
StatusActive
Subdivision NameEdgewood Estates
UtilitiesSeptic
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2025
Year Built DetailsProposed
Exterior for 6816-6818-6820 Florence Drive
Attached Garage Y/NYes
Building Area Total5513.00
FencingBack Yard, Chain Link, Fenced, Full, Wood
Foundation Slab
Garage Y/NYes
Lot Size1 to < 3 Acres
Lot Size Acres1.0050
Lot Size Area1.0050
Lot Size SourceBuilder
Lot Size Square Feet43777.8000
Lot Size UnitsAcres
Number Of Parking Spaces6
Parking FeaturesGarage, Garage Door Opener
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Wedgeworth Elementary School
Middle School
N/A
High School
N/A
Suzanne Smith
Broker/Owner