100% occupied an Exceptional Investment Opportunity in a Prime Location in Euless. Embark on a rewarding investment journey with this meticulously maintained property showcasing ten rental units, each thoughtfully designed with attached garages and abundant parking space. Set on an additional 0.13 acres to add an additional 8 units, this property enjoys a strategic position in the Mid-Cities region, providing effortless access to the entire DFW Metroplex and a quick 15-minute drive to the DFW International Airport. Most units have been tastefully remodeled, boasting fresh paint, new fixtures, modern appliances, contemporary lighting features such as can lights and fans, luxurious wood-look vinyl flooring, and elegant quartz countertops in kitchens and bathrooms. All units have a refrigerator, washer, and dryer for added convenience. To seize this opportunity, kindly submit offers or Letters of Intent (LOI) along with proof of funds via email.
Property Details
Property Features
Property Information:
Year Built: 1995
Stories: 2
Listing Office:
Office Name: Fathom Realty
Office Phone: (888) 455-6040
Listing Agent: Lalit Thakkar
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator
Flooring Type: Carpet, Luxury Vinyl Plank
Interior: High Speed Internet, Open Floorplan, Pantry
Last updated on: 5/22/2024, 10:20:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16K
Per Month
Principal & Interest
$15.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,660
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
North Euless Elementary School
1101 Denton Dr
Distance between this listing and this school0.70 miles
Public District Grades PK-6
7
/10
Lakewood Elementary School
1600 Donley Dr
Distance between this listing and this school0.97 miles
Public District Grades PK-6
7
/10
Bear Creek Elementary School
401 Bear Creek Dr
Distance between this listing and this school1.08 miles
Public District Grades PK-5
Nearby Schools
7
/10
Euless Jr High School
306 Airport Fwy
Distance between this listing and this school1.40 miles
Public District Grades 7-9
9
/10
Harwood Jr High School
3000 Martin Dr
Distance between this listing and this school2.22 miles
Public District Grades 7-9
8
/10
Heritage Middle School
5300 Heritage Ave
Distance between this listing and this school2.63 miles
Public District Grades 6-8
Nearby Schools
5
/10
Trinity High School
500 N Industrial Blvd
Distance between this listing and this school1.49 miles
Public District Grades 10-12
6
/10
Colleyville Heritage High School
5401 Heritage Ave
Distance between this listing and this school2.55 miles
Public District Grades 9-12
8
/10
Treetops School International
12500 South Pipeline
Distance between this listing and this school3.00 miles
The neighbors living near this home have an average income of $47,646. The most common annual income of people living in Euless, TX is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1501 Cedar Elm Dr
What is the listing price of this property?
The listing price of 1501 Cedar Elm Dr property is $3,200,000.
What type of property is this?
The property 1501 Cedar Elm Dr is a house located in Euless, Texas, 76039.
Is this property for sale now?
Active Listing: 1501 Cedar Elm Dr is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 1501 Cedar Elm Dr is 1995.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1501 Cedar Elm Dr in Euless, TX and zip code 76039 in the Tall Timbers Garden Homes neighborhood. This home, which was built in 1995, sits on a 0.67 acre lot. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $3,200,000.
Between March 2024 and April 2024, Euless, TX real estate market has seen increase in the number of listings by 12%. In April 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $374,475.
From Rocket Homes Real Estate and based on county public records data.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Major League Soccer (MLS)
Major League Soccer (MLS)
Continuing Education Courses
NBA/WNBA
Banana Republic
Express/Express For Men
Burlington
Sonic
Qdoba
Starbucks
Infiniti
Volkswagen
Pontiac
Urban Contemporary
Rhythmic Contemporary Hits
Jazz