3112 Conveyor Dr Burleson, TX 76028
- Residential income homes
- 3.47 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 3112 Conveyor Dr
- Lot size
- 3.47 lot acres
- Property type
- Residential income homes
Description
This exceptional investment opportunity in Burleson, Texas, presents a multifamily portfolio comprising two buildings situated on a generous 3.47-acre lot. The portfolio includes a charming single-family residence constructed in 1983 and extensively renovated in 2021, boasting three bedrooms, two bathrooms, a two-car garage, and covered porches. Modern amenities include a dishwasher, oven-range, refrigerator, and microwave. The home also features a spacious living room, large bedrooms, a fireplace, and a beautiful backyard. Complementing the single-family home is a three-unit triplex built in 2005. Each unit offers two bedrooms and two bathrooms, along with a two-car carport. These units are similarly equipped with modern appliances, including a microwave, oven-range, refrigerator, and dishwasher. The entire property offers a combined net rentable area of 3,690 square feet and currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $7,050 annually. The property is zoned for residential use and presents a compelling investment opportunity with a current cap rate of 0.85%. The asking price for this turnkey portfolio is $830,000. This property is an excellent addition to any investor's portfolio, offering a blend of established rental income and potential for future appreciation. The property's location in Burleson, Texas, provides convenient access to local amenities and transportation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burleson
- County
- Johnson
- State
- Texas
- Longitude
- -97.3339514
- Latitude
- 32.4579446
