3112 Conveyor Dr, Burleson, TX 76028

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.

Location Insight

City

Burleson

County

Johnson

State

Texas

Longitude

-97.3339514

Latitude

32.4579446