DFW (Garland) 1% Rule 24-Plex $2.2M

104 S 11th St, Garland

ROI

20.49% IRR

Strategy

Long Term Rental

Downtown 24-unit multifamily. The asset is100% occupied with professional management ready to stay on post-sale. There is clear value-add upside through interior unit renovations, bringing rents in line with market, and layering in additional income streams such as reserved parking. Multiple capital improvements have been completed over the last seven years, positioning this as a stabilized asset. Offered with an assumable Freddie Mac loan at 4.31% through 2032 with an approximate $1.35M balance.

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DFW (Garland) 1% Rule 24-Plex $2.2M

Listed 01/20/2026

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104 S 11th St, Garland

Purchase Price:$2,200,000

Cash Outlay:$594,000

Cashflow:$3,765/mo

Cap Rate:7.74%

IRR:20.49%

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