Properties
Lavon, TX 75166 357-359 Orbit Drive
$459,000
19 more
Presented By: Signature Real Estate
Beds • 6
Baths • 4
SQFT • 2,536
Garage • 1
Home Details
This FULLY leased duplex in the Grand Heritage Subdivision is a fantastic low-maintenance investment opportunity. Both units, each offering 1,268 sqft of living space, are currently leased at $1,695. Each unit features a spacious floor plan with 3 bedrooms, 2 full bathrooms, and desirable amenities like a tandem front-entry garage, decorative lighting, and a private utility room to fit a full-size washer and dryer. Tenants will also enjoy the oversized fenced backyard, sprinkler system, and covered porches. The community itself is packed with perks, including a clubhouse, pool, splash park, fitness center, business center, jogging paths, and playgrounds. With these features, this property is perfect for attracting and retaining tenants.
Presented By: Signature Real Estate
Interior Features for 357-359 Orbit Drive
Bedrooms
Total Bedrooms6
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Unit Count2
Fireplaces Total0
Lock Box TypeNone
FlooringCarpet, Tile
Interior FeaturesEat-in Kitchen, Pantry, Tile Counters
Occupancy Rate100
Total Units2
General for 357-359 Orbit Drive
# of Buildings1
AppliancesDishwasher, Electric Range
Assoc Fees1152
Association Fee FrequencyAnnually
Capitalization Rate4.70
CityLavon
Complex NameGrand Heritage
Construction MaterialsBrick, Siding
CoolingCeiling Fan(s), Electric
CountyCollin
DirectionsFollow State Hwy 205 NTX-205 N. Turn Left onto Endeavor Blvd. Turn Left onto Armstrong Ln. Follow Armstrong Ln and it becomes Orbit Dr. Duplex will be on the Left side.
Elementary SchoolNesmith
Elementary School NameNesmith
Full Baths4
Gross Annual Expenses17500.00
HOA Fee IncludesMaintenance Grounds
HOA TypeMandatory
HeatingElectric
High SchoolCommunity
Insurance Expense1836
LevelsOne
Listing Terms1031 Exchange, Cash, Conventional
Number of Garage Spaces1
Occupant TypeTenant
Operating Expense IncludesInsurance, Maintenance, Professional Management, Vacancy Allowance
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeDuplex
Property TypeResidential Income
RoofShingle
School DistrictCommunity ISD
Special NotesDeed Restrictions
Standard StatusActive
StatusActive
Subdivision NameGrand Heritage - West C
Tenancy6 Months or Less
Unexempt Taxes4504
UtilitiesCity Sewer, City Water, Underground Utilities
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2013
Year Built DetailsPreowned
Exterior for 357-359 Orbit Drive
Attached Garage Y/NYes
Building Area Total2536.00
FencingBack Yard, Wood
Foundation Slab
Garage Y/NYes
Lot Size Acres0.1230
Lot Size Area0.1230
Lot Size SourcePublic Records
Lot Size Square Feet5357.8800
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesDriveway, Garage
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Nesmith Elementary School
Middle School
N/A
