• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Signature Real Estate- MLS# 21266519MLS ProviderContact Information: Erion Shehaj - 713-952-3200

357 and 359 Orbit DriveLavon, TX 75166

Multi-Family · 6 Beds · 4 Full Baths · 2,536 Sq. ft. | 0.12 Acres
$465,500 Active

357 and 359 Orbit Drive Overview

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LISTING IS FOR THE FULL DUPLEX 357-359 Orbit, both sides. Don't miss this incredible opportunity to own a fully leased investment duplex in the desirable Grand Heritage Subdivision. One-story duplex in the popular Grand Heritage West Community, perfect for investment cash flow, or lease one side and live in the other. The property has a strong history of rental occupancy. Both units, each offering 1,268 sqft of living space, are currently leased at $1,695. The lease for unit 357 expires on June 30, making this property a perfect candidate for a buyer who wants to live on one side and rent out the other. Each unit features a spacious floor plan with 3 bedrooms, 2 full bathrooms, a desirable layout, wood-look tile, upgraded fixtures, tile kitchen countertops and backsplash, and desirable amenities like a tandem front-entry garage, decorative lighting, and a separate utility room large enough to fit a full-size washer and dryer. Residents and tenants will also enjoy the oversized fenced backyard, sprinkler system, and covered porches. The community itself is packed with perks, including a clubhouse, large community pool, splash pad, fitness center, business center, jogging paths, and playgrounds. Community is close to Lavonia Park with access to Lake Lavon.

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357 and 359 Orbit Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,536
  • Price/Sq.ft. $184
  • Lot 0.12 Acres

Details

General

Association/HOA

  • Association Fee: 1152.0
  • Association Fee Frequency: Annually
  • Association Fee Includes: Maintenance Grounds
  • Association Name: Grand Heritage Association
  • Association: Yes

School Information

  • School District: Community ISD
  • Elementary School: Nesmith
  • Middle Or Junior School: Community Trails
  • High School: Community

Income/Expenses

  • Gross Income: 40680.0
  • Insurance Expense: 1836.0
  • Net Operating Income: 21553.0
  • Operating Expense Includes: Insurance,Maintenance,Professional Management,Vacancy Allowance

Building Information

  • Year Built: 2013
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Collin
  • Postal City: LAVON
  • Subdivision Name: Grand Heritage - West C

Tax Information

  • Tax Annual Amount: 4504.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: R959100B019B1
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 2536.0

General Information

  • Appliances: Dishwasher,Electric Range
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Tile
  • Foundation Details: Slab
  • Interior Features: Eat-in Kitchen,Pantry,Tile Counters
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Driveway,Garage
  • Parking Total: 4.0

Lot Information

  • Lot Size Acres: 0.123
  • Lot Size Area: 0.123
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 5357.88
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Brick
  • Roof: Shingle

General Information

  • Fencing: Back Yard,Wood
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Underground Utilities,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

357 and 359 Orbit Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

357 and 359 Orbit Drive Market Data

Based on the last 30 days in this zip code

$430,308
Average List Price
$175
Average Price per Square Foot
47
Properties Sold
377
Average Days on Market
738
Properties for Sale
Calculations provided by Reliance Network


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