2316 Meadow Lane

Mesquite, TX 75150

$297,500
Price
2
Beds
2
Baths
1,432 Sq. Ft.
$208 / Sq. Ft.
1,432
Sq. Ft.
$208
per Sq. Ft.

Description

Investor's dream! This well-maintained duplex features two 1-bedroom, 1-bathroom units, both boasting real hardwood floors that bring warmth and charm to the interiors. Currently leased at $1,250 per month each, with leases expiring at the end of May 2025, this property offers immediate cash flow and potential for rental growth upon renewal. The property also features a spacious yard, perfect for tenant enjoyment or future enhancements. Whether you're looking for a house-hacking opportunity or a...Investor's dream! This well-maintained duplex features two 1-bedroom, 1-bathroom units, both boasting real hardwood floors that bring warmth and charm to the interiors. Currently leased at $1,250 per month each, with leases expiring at the end of May 2025, this property offers immediate cash flow and potential for rental growth upon renewal. The property also features a spacious yard, perfect for tenant enjoyment or future enhancements. Whether you're looking for a house-hacking opportunity or a solid buy-and-hold investment, this property checks all the boxes!

Listing Agent

  1. Jacob Stevenson

    Jacob Stevenson

    Listing Agent

    Compass

    TREC #0706671

Property Details for 2316 Meadow Lane

Subdivision Name
Tripp Road
Pool
No
Garage Spaces
2
Number Of Parking Spaces
2
LISTING UPDATED: 12/23/2024 04:24 PM

Property Details for 2316 Meadow Lane

StatusActive
MLS #20789917
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1975
Lot Size0.19 AC / 8,232 SF
CountyDallas County
Buyer's Agent Compensation3%

Building Information for 2316 Meadow Lane

Stories1Residences2Year Built1975Building Size-Lot Size0.19 AC / 8,232 SF

Property Information for 2316 Meadow Lane

Summary
Location and General Information
  • Block: 2
  • Complex Name: 2316 Meadow
  • Directions: See GPS
  • Elementary School: Cannaday
  • Elementary School Name: Cannaday
  • High School: Poteet
  • High School Name: Poteet
  • Middle School: Kimbrough
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Mesquite ISD
  • Geocode Confidence: High
  • Latitude: 32.80
  • Longitude: -96.62
  • State: Texas
Parking
  • Garage Length: 24
  • Garage Width: 24
  • Parking Features: Covered, Garage
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 2
  • Garage Height: 10
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: TRIPP ROAD 1 BLK 2 LT 2
  • Association Type: None
  • Special Taxing Entities: No
  • Tax Lot: 2
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Tile, Wood
  • Heating: Central
  • Interior Features: Decorative Lighting, Eat-in Kitchen, Open Floorplan
  • Appliances: Disposal, Gas Range
  • Basement: No
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick, Siding
  • Fencing: Chain Link
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Horse Permitted: No
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: Cable Available, City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Exclusions: Tenant Belongings
  • Financing Proposed: Cash, Conventional
  • Concessions YN: Yes
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Interior Lot
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.189
  • Lot Size Area: 0.189
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8232.84
  • Multi Parcel ID: No
  • Parcel Number: 38218500020020000
  • Lake Pump: No
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 7.43%
  • Gross Annual Expenses: $7,888
  • Gross Annual Income: $30,000
  • Insurance Expense: $1,858
  • Total Annual Expenses Include: Insurance
  • Net Operation Income: $22,112.00
Unit 1
  • Average Lease Amount: $1,250.00
  • Living Area Length: 1.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 2

Property History for 2316 Meadow Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2316 Meadow Lane

Taxable ValueLand$106,000Additions$153,950Total$259,950
Tax Record2024$6,068 ($506 / month)
Home Facts
Baths2Total Finished SqFt1,432 SqFtAbove Grade Finished SqFt1,432 SqFtStories1Lot Size8,250 SqFtStyleDuplexYear Built1975ZoningZ237CountyDALLASAPN38218500020020000

Schools near 2316 Meadow Lane

This home is within Mesquite Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cannaday Elementary School
PublicPK to 5

Kimbrough Middle School
Public6 to 8

Poteet High School
Public9 to 12

Cross Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2316 Meadow Lane is a multi-family home for sale in Mesquite, TX 75150. This property was listed for sale on December 3, 2024 by Compass, it's currently listed at $297,500. It has been on the market for a total of 38 days and was last sold on August 18, 2023. This listing's school district is Mesquite Independent School District. Nearby schools include Cannaday Elementary School, Kimbrough Middle School and Poteet High School. 2316 Meadow Lane is a 2-bed, 2-bath, 1,432 sqft multi-family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 12/23/2024 04:24 PM