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    3202 Wexford Dr Garland, TX 75043

    For Sale
    $2,200,000

    Luxury Townhomes, High ROI Potential

    Property size:
    9,874 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a portfolio of three newly constructed, six-unit townhome buildings totaling eighteen units, situated on a spacious 5.04-acre lot in Garland, Texas. Each building offers a mix of three unit types: two units of 1743 square feet (Unit A), two units of 1600 square feet (Unit B), and two units of 1594 square feet (Unit C), providing diverse rental options. The buildings boast a total of 9,874 square feet and are priced at $2,200,000 per building. Constructed in 2022, these Class B properties are located in a Qualified Census Tract (QCT), offering potential tax advantages. The prime location is just 1.5 miles from Lake Ray Hubbard and 7 miles from the Dallas Arboretum, providing residents with convenient access to recreational amenities and cultural attractions. The property's address is 3202 Wexford Drive, Garland, TX 75043, with the APN 26C68000000003202. This is a rare chance to acquire a substantial multifamily investment in a desirable location with strong rental demand. The price per square foot is $222.81. Individual building purchases are possible.

    Property Features for 3202 Wexford Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,874 SF
    Class
    B
    Lot Size
    219,542 SF

    Building Details

    Year Built
    2022
    Units
    18

    HighLights

    • 18‑unit townhome portfolio on a 5.04‑acre lot in Garland, TX.
    • Three newly constructed buildings (2022), each with six units.
    • Unit sizes: 1743 sq ft (2 units/building), 1600 sq ft (2 units/building), 1594 sq ft (2 units/building).
    • Total building area: 9,874 sq ft; $2,200,000 per building ($222.81/sq ft).
    • Located in a Qualified Census Tract (QCT), near Lake Ray Hubbard and the Dallas Arboretum.
    • Address: 3202 Wexford Drive, Garland, TX 75043; APN 26C68000000003202.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6165641
    Latitude
    32.8797052

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Townhomes, High ROI Potential
    Where is this multifamily property located?
    The property is located at 3202 Wexford Dr Garland, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 18-unit townhome portfolio on a 5.04-acre lot in Garland, TX.; Three newly constructed buildings (2022), each with six units.; Unit sizes: 1743 sq ft (2 units/building), 1600 sq ft (2 units/building), 1594 sq ft (2 units/building).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3202 Wexford Dr Garland, TX 75043
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