Fully Leased Duplex
2908 Nelson Drive Mesquite, TX 75150
2908 Nelson Drive, Mesquite, TX, 75150
$420,000
For Sale
$420,000
Turnkey duplex investment with two professionally managed units and tenants whose leases extend into 2027.
Property Size2,492 SF
Price / SF$168.54
Days on Market28
Property Features for 2908 Nelson Drive
General Information
- Standard status
- Active
- Size
- 2,492 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1982
Listing agency
Blue Atlas Realty
(682) 342-3135
Listed by
Allison Guillot · License #0703131
(682) 342-3135
Source
Compass
Added: Jun 25 Updated: Jul 21 at 3:20PM Checked: Jul 21 at 3:20PM
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 Blue Atlas Realty
Investment Insights
Based on property information with market context.
This fully leased duplex offers two income-producing units with established, long-term tenants. The property is professionally managed and maintained, with lease terms extending into 2027, supporting stable occupancy through the near term. The offering is positioned as a turnkey investment for investors seeking income from day one.
Located at 2908–2912 Nelson Drive in Mesquite, Texas, the property is described as being in the heart of Mesquite. The seller also indicates the duplex is available as part of a seven-property Dallas-Fort Worth investment portfolio, with a preference for package sales while considering individual offers.
Located at 2908–2912 Nelson Drive in Mesquite, Texas, the property is described as being in the heart of Mesquite. The seller also indicates the duplex is available as part of a seven-property Dallas-Fort Worth investment portfolio, with a preference for package sales while considering individual offers.
Key Highlights
- Fully leased 2‑unit duplex at 2908–2912 Nelson Drive, with both units professionally managed
- Lease terms extend into 2027, supporting established tenancy
- Built in 1982 with brick construction, on a slab foundation and 1‑story layout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $15.36 |
| − Vacancy | −$3.9k | −$1.56 |
| EGI | $34.4k | $13.80 |
| − OpEx | −$10.3k | −$4.14 |
| NOI | $24.1k | $9.66 |
2,492 SF · lease $15.36/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.9K
$300.9K – $401.2K
NOI $24,072 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$6.69M
$5.85M – $7.80M
NOI $468,024 @ 7.0% cap · market cap 111.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex investment with two professionally managed units and tenants whose leases extend into 2027.
Where is this duplex located?
The property is located at 2908 Nelson Drive Mesquite, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Fully leased 2‑unit duplex at 2908–2912 Nelson Drive, with both units professionally managed; Lease terms extend into 2027, supporting established tenancy; Built in 1982 with brick construction, on a slab foundation and 1‑story layout
