Features & Amenities

Interior

  • Other Interior Features

    Double Vanity, Kitchen Island, Open Floorplan, Walk-In Closet(s)

  • Total Bedrooms

    24

  • Bathrooms

    24

  • 1/2 Bathrooms

    8

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    16

  • Construction Materials

    Wood Siding, See Remarks, Stone

  • Parking

    Additional Parking, Driveway, Attached

  • Patio and Porch Features

    Front Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.073

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $3,100,000

  • Tax Amount

    $7,171

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Johns

  • Middle School

    Workman

  • High School

    Sam Houston

Property Features

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Tarrant

Elementary School

Johns

Middle School

Workman

High School

Sam Houston

Listing Courtesy of Alejandro Martinez Cansino , Only 1 Realty Group North Dallas

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This high-performing 8-unit portfolio offers a rare turn-key opportunity for investors seeking modern reliability and significant upside in the booming North Texas market. Built in 2022, the property promises a low-maintenance ownership experience with nearly new systems and premium finishes that command top-tier market rents. While currently 7 of the 8 units are leased for immediate cash flow, achieving full occupancy elevates the asset to a strong 5.48% Cap Rate. Strategically positioned to capitalize on the region’s massive growth, this investment is perfectly timed for the upcoming 2026 World Cup, which is set to bring nine matches—including a major semi-final—to nearby Arlington. With a projected multi-billion dollar economic impact and a surge in global demand for the area, this portfolio represents a sophisticated hedge against inflation and a play for significant long-term appreciation in one of the most resilient real estate corridors in the country.

1601-1617 Mignon Drive

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