$600,000 Property Type : Raw Land

More Information

Country Meadow Estates is located in the city of Cleburne in Johnson County, TX – about 25 miles south of downtown Fort Worth. The 8.12 acres of land is a multifamily site and is zoned for 33 duplex lots with a capacity for 66 units.

The land has received final plat approval (shown below) and is registered with the city of Cleburne and each of the 33 lots has its own tax identification number.  The property is situated adjacent to Cleburne Oaks Apartment Complex, which has an overall occupancy rate of 92%.

Located in one of Dallas’s Opportunity Zones, investors can benefit by a deferral of capital gains taxes, among other tax benefits. Unlike other incentive programs, there are no monetary caps on Opportunity Zones investments, making the program flexible and scalable to meet market needs.

Sale Price:  $600,000
Property Address:  407 Country Meadows Estates, Cleburne, TX 76033
Number of Units:  66 (33 Duplexes) Proposed
Lot Size:  8.12 AC
Zoning:  Multifamily
Market:  Dallas | Fort Worth
Submarket:  Fort Worth
Location:  25 miles south of Downtown Fort Worth

Click Here to download the Offering Memorandum

Contact our agent:

Executive Director
Greystone | Investment Sales Group

Property Details
After Repaired Value $2,000,000
Estimated Rehab $1,200,000
Price $600,000
Contact Information
Phone Number 972.865.6328
Contact Name Mark Allen
Date Listed April 15, 2019
Status Available
Walk Score 6
Subdivision Country Meadows Estates

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