Courtesy: Keller Williams Realty
972-938-2222
Turnkey 4-unit multi-family built in 2020 — two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities — every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.
Italy is located in Texas. Italy, Texas has a population of 2,353. Italy is more family-centric than the surrounding county with 37.66% of the households containing married families with children. The county average for households married with children is 36.63%.
The median household income in Italy, Texas is $51,799. The median household income for the surrounding county is $85,272 compared to the national median of $69,021. The median age of people living in Italy is 32.6 years.
The average high temperature in July is 94.7 degrees, with an average low temperature in January of 34.2 degrees. The average rainfall is approximately 38.5 inches per year, with 0.3 inches of snow per year.
