Current Use by Public Records
- Residential income homes
Property Details for 16513 Jasmine Springs Dr
- Year built
- 2005
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a six-unit multifamily property located at 16513 Jasmine Springs Dr, Justin, TX 76247, in Denton County. The property, built in 2005 and extensively renovated in 2024, boasts a total of 4,056 square feet situated on an 8,276 square foot lot. The two-story building features six bedrooms and six bathrooms, currently operating at 100% occupancy. Five of the units generate a substantial weekly rental income of $2,450. The property is offered as a sale/leaseback opportunity, ideal for a 1031 exchange. Recent upgrades include granite countertops and a newly finished garage with epoxy flooring. The property's strong financial performance is reflected in its impressive Net Operating Income (NOI) of $142,000. This turnkey investment is situated on a ground lease. This property offers a rare combination of high occupancy, significant rental income, and recent renovations, making it an attractive investment for discerning buyers seeking a stable and profitable addition to their portfolio. The property's location in Justin, Texas provides easy access to major transportation routes and amenities. This is a unique opportunity to acquire a well-maintained, high-performing multifamily property with significant upside potential.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Justin
- County
- Denton
- State
- Texas
- Longitude
- -97.322
- Latitude
- 33.0422
