Listing Agency: Grey Square

Listed By: Selling Dallas Stephens Show Phone

Source: Exprealty

Added: Aug 6 Changed: Oct 11 Last Checked: Oct 16 at 1:43PM

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Investment Insights

Based on property information with market context.

This duplex features updated interiors with tile, granite countertops, quality cabinetry, updated flooring, fixtures, a stove, built-in microwave, and refrigerator. Both mounted televisions convey unless the buyer or tenant requests their removal. The property also includes a RainSoft water treatment system and solar panels considered in annual operating expenses. A large yard provides outdoor space, while the two-unit layout offers flexibility for an owner-occupant or separate residential tenancy.

Located at 1320 Briarwood Dr in Garland, the property is minutes from I-635, with access to Dallas and Mesquite. The home has had one owner since its remodel and includes 1118 of property size.

Key Highlights

• Duplex with 1118 property size
• Remodeled interiors with tile, granite countertops, cabinetry, and updated flooring
• Solar panels included and considered in annual expenses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,658

Cap Rate

7.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$393,160 $393.2K

Cap Rate 7%

$280,829 $280.8K

Cap Rate 9%

$218,422 $218.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,118 SF

Gross rent

$31.3K $27.96/SF

− Vacancy

−$3.2K −$2.84/SF

EGI

$28.1K $25.12/SF

− OpEx

−$8.4K −$7.54/SF

NOI

$19.7K $17.58/SF

Area

Garland, TX

Vacancy

10.16%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$393,160

Cap Rate 7%

$280,829

Cap Rate 9%

$218,422

Alternative Uses

Best Use

Multifamily LT 5

$280.8K

$245.7K – $327.6K (±1% cap)

NOI $19,658 @ 7.0% cap · market cap 7.28%

Second Best

Apartment 5plus

$242.9K

$212.5K – $283.3K (±1% cap)

NOI $17,000 @ 7.0% cap · market cap 6.30%

Theoretical Best

Office A

$1.34M

$1.17M – $1.57M (±1% cap)

NOI $93,906 @ 7.0% cap · market cap 34.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Daycare Center Skin Care Clinic Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

518

Businesses Nearby

Explore this area Business Placement

Demographics for 75041, TX

32,219

Population

10,378

Households

3.1

Avg Household Size

33

Median Age

15%

College-Educated

70%

High-School Grad

7.9 sq mi

ZIP Area

4,078

Density / Sq Mi

$68,692

Median Household Income

$35,027

Median Earnings

$1,368

Median Rent

$214,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with remodeled interiors, a large yard, and access to Garland-area neighboring cities.

Where is this duplex located?

The property is located at 1320 Briarwood Dr Garland, TX.

What is the asking price?

The asking price for this property is $269,999.

What are key features of this property?

This property features: Duplex with 1118 property size; Remodeled interiors with tile, granite countertops, cabinetry, and updated flooring; Solar panels included and considered in annual expenses