4-Unit Townhome-Style
New
For Sale
$789,000
2806 Wimbledon Court, Garland, TX 75041
Four separate utility meters and tenant-paid utilities support individual operation across the residential units.
Property Size4,160 SF
Days on Market1
Property Features for 2806 Wimbledon Court
General Information
Standard status
Active
Size
4,160 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,042
Building Details
Building Size
4,160 SF
Year Built
1984
Construction
townhome-style
Tenancy
Multi
Listing Agency:
ListWithFreedom.com
Listed By:
Salvador Caballero · License #0286632
(855) 456-4945
Source:
Baerealty
Added: Oct 19
Last Checked: Oct 19 at 12:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ListWithFreedom.com
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Investment Insights
Based on property information with market context.
Built in 1984, this four-unit residential property has a townhome-style configuration. Renovations include a complete update to Unit A, kitchen or bathroom work in Unit C, other improvements in Unit B, and exterior work involving siding, windows, paint, and roof repairs.
Each unit has central HVAC, an individual water heater, and a separate utility meter. Three units have tenants, while one is vacant; tenants are responsible for all utilities.
Each unit has central HVAC, an individual water heater, and a separate utility meter. Three units have tenants, while one is vacant; tenants are responsible for all utilities.
Key Highlights
- Four‑unit townhome‑style quadplex
- Three units have tenants; one unit is vacant
- Central HVAC, individual water heater, and separate utility meter in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,257
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,140
$1.3M
Cap Rate 7%
$903,671
$903.7K
Cap Rate 9%
$702,856
$702.9K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$128.8K $30.96/SF
− Vacancy
−$13.8K −$3.31/SF
EGI
$115.0K $27.65/SF
− OpEx
−$51.8K −$12.44/SF
NOI
$63.3K $15.21/SF
Area
Garland, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,140
Cap Rate 7%
$903,671
Cap Rate 9%
$702,856
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$914.3K – $1.22M
NOI $73,147 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$903.7K
$790.7K – $1.05M
NOI $63,257 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$4.99M
$4.37M – $5.82M
NOI $349,416 @ 7.0% cap · market cap 44.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
736
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate utility meters and tenant-paid utilities support individual operation across the residential units.
Where is this quadplex located?
The property is located at 2806 Wimbledon Court Garland, TX.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Four‑unit townhome‑style quadplex; Three units have tenants; one unit is vacant; Central HVAC, individual water heater, and separate utility meter in each unit
