1609 Mignon Drive
Property Description
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 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.
Broker Details
Only 1 Realty Group (214) 560-0422
MLS ID: 0790917 State License Number: 0790917
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,800,000 |
| No. of Units: | 8 |
| Year Built: | 2022 |
| Opportunity Zone: | No |
| Price per unit: | $350,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 24 |
| Number of Bathrooms: | 32 |
ID: 3yd-NTREIS-21236538
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