Listing provided courtesy of The Vibe Brokerage, LLC- MLS# 21214637MLS ProviderContact Information: Christopher Wright - 888-519-7431

363 Armstrong LaneLavon, TX 75166

Multi-Family · 6 Beds · 4 Full Baths · 1,202 Sq. ft. | 0.09 Acres
$495,000 Active

363 Armstrong Lane Overview

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Maximize your investment portfolio with this turnkey, single-story full duplex situated on a premium corner lot in the highly sought-after Grand Heritage West community. Built in 2010 and meticulously maintained, this property boasts a proven track record of 100% occupancy, making it an ideal addition for a savvy investor or a perfect house-hacking opportunity in the booming North Texas market. Each side of this spacious duplex features a functional and modern layout with 3 generous bedrooms, 2 full bathrooms, and an open-concept living area. Tenants enjoy high-end touches including upgraded fixtures, walk-in closets, dedicated utility rooms, and private fenced backyards equipped with full sprinkler systems. Ample parking is provided by two separate attached 2-car garages (4 spaces total). Beyond the units themselves, the location is a major draw for high-quality, long-term tenants. Residents gain full access to the premier Grand Heritage Club, a multi-million dollar amenity center featuring a resort-style pool, splash pad, 24-hour fitness center, clubhouse, and business center. The community also offers expansive parks, jogging trails, and fishing ponds, all while being minutes away from the recreational opportunities at Lake Lavon. Strategically located with easy access to Highways 78 and 205, this property offers a seamless commute to Wylie, Rockwall, and Plano. Lavon is one of the fastest-growing areas in Collin County, ensuring steady demand and long-term appreciation potential. Both units are currently tenant-occupied, providing immediate cash flow from day one. Don't miss out on this rare chance to own a high-performing income property in a location that truly sells itself.

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363 Armstrong Lane Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,202
  • Price/Sq.ft. $412
  • Lot 0.09 Acres

Details

General

Association/HOA

  • Association Fee: 1920.0
  • Association Fee Frequency: Annually
  • Association Fee Includes: All Facilities,Association Management,Maintenance Grounds
  • Association Name: Lavon Grand Heritage HOA
  • Association: Yes

School Information

  • School District: Community ISD
  • Elementary School: John & Barbara Roderick
  • Middle Or Junior School: Community Trails
  • High School: Community

Income/Expenses

  • Gross Income: 56508.0
  • Insurance Expense: 4874.0
  • Net Operating Income: 16634.0

Building Information

  • Year Built: 2010
  • Year Built Details: Preowned

Location/Region

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

Community/Development

  • Community Features: Curbs

Tax Information

  • Tax Annual Amount: 4070.0

General Information

  • Exclusions: Tenant personal property
  • Parcel Number: R959100E018A1
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 4.0
  • Garage: Yes

Beds/Baths

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

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 1202.0

General Information

  • Appliances: Dishwasher,Electric Cooktop,Electric Oven,Disposal,Ice Maker,Microwave,Refrigerator
  • Flooring: Carpet,Tile,Vinyl
  • Foundation Details: Slab
  • Interior Features: Built-in Features,Eat-in Kitchen,High Speed Internet
  • Levels: One
  • Stories: 1

Exterior

Parking Information

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

Lot Information

  • Lot Size Square Feet: 3702.6
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

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

General Information

  • Covered Spaces: 4.0
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Connected,Natural Gas Available,Sewer Available,Separate Meters,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.

363 Armstrong Lane 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.

363 Armstrong Lane Market Data

Based on the last 30 days in this zip code

$430,672
Average List Price
$176
Average Price per Square Foot
55
Properties Sold
380
Average Days on Market
731
Properties for Sale
Calculations provided by Reliance Network


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