Sue Milam Reed, Broker Associate

3951 N Garland Avenue, Unit 1, Garland, TX 75040

$668,000
  • 3951 N Garland Avenue, Unit 1, Garland, TX 75040 Main Photo

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Active
BEDS10 BATHS4 full 4 partial SQUARE FEET4,089 MLS#21349490
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONTomlinson Square-Winter Park SCHOOLGarland ISD

Property Description

Distinctive Investment Opportunity! 1031 Exchange! Entire Fourplex Four Individually Deeded Condominium Units Sold Together. Unlike a traditional fourplex, this unique ownership structure offers investors added flexibility through separate deeds while maintaining ownership of the entire building. Buyer to verify future resale, leasing, and HOA requirements. Delivered vacant and ready for its next owner, this property offers the flexibility to lease all four units at current market rents, renovate and reposition the asset, occupy one or more units while generating rental income from the others, or customize an investment strategy to meet your goals. One purchase acquires four separately deeded residences, making it an attractive opportunity for investors, owner-investors, or those completing a 1031 Exchange. Strategically located just minutes from the Garland VA Medical Center and the expanding Valoris Medical District, the property benefits from proximity to one of North Texas' largest healthcare and government employment centers. The continued redevelopment of the former Baylor campus into Valoris Park is bringing new medical offices, healthcare facilities, and public and private investment to the area, supporting long-term economic growth and housing demand. Ideally positioned near DART Rail, President George Bush Turnpike, I-635, and major employment corridors, the property offers convenient access to Downtown Dallas, Richardson, Plano, and surrounding business centers. Nearby hospitals, healthcare campuses, universities, corporate employers, shopping, dining, and entertainment further enhance the property's long-term investment appeal. Whether you're expanding your multifamily portfolio, completing a 1031 Exchange, or seeking a North Texas investment property with the flexibility to establish your own leasing strategy from day one, this is a rare opportunity to acquire an entire four-unit building with individually deeded ownership in a prime Garland location.

3951 N Garland Avenue, Unit 1 | MLS# 21349490

This multi-family property located at 3951 N Garland Avenue, Unit 1, Garland, TX 75040 is currently listed for sale with an asking price of $668,000. N Garland Avenue, Unit 1 is located within the Garland ISD school district. Search Garland real estate on suemilamreed.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 3.65 Acres
Roof Type: Composition
Year Built: 1984

Amenities

Cable TV Available

Feature Descriptions

Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven
Days on Site: 33
Exterior: Brick, Siding
Flooring: Tile
HOA Fee: 295/ Monthly
Parcel#: 26611550000F00001
Parking: Parking Lot
Parking Notes: Parking Lot
Units: 4
Utilities: City Sewer, City Water

Local Schools

Elementary School: Choice Of School
School District: Garland ISD

Listed By / Shown By

Listed By

Agency Name: Redfin Corporation
Agency Contact: 972-954-4791
Agent Name: Cristina Rosenthal

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Shown By

Agent Name: Sue Milam Reed, Broker Associate
Agent Phone: (254) 744-3364
Agency Title: Kelly, Realtors

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Estimated Payment

$ 1,681.51 per month $1,486.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $194.83 Homeowner's Insurance

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