1029-1031 Skyview Court
Midlothian, TX 76065
$525,000
Premier investment opportunity with this turnkey Class A duplex located in Midlothian’s highly sought-after Skyview neighborhood. Ideally situated just 30 minutes from both Dallas and Fort Worth, this fully stabilized opportunity features two units, each with a spacious 3-bedroom, 2-bath layout, a 2-car garage, and a private, fenced backyard. The interiors boast high-end finishes throughout, including granite kitchen countertops with a tiled backsplash, upscale wood-look plank tile flooring, upgraded carpet, and a luxurious walk-in master shower. Both units are currently leased, one at $1,950 per month and $1,925 per month, supported by a strong operating history, and a low 2.03% tax rate. With major economic drivers like the Google Data Centers project and two hospitals nearby, plus excellent property management in place and willing to stay on, this asset is primed for continued growth; ask about available DSCR financing with a 10-year interest-only option to maximize your cash flow.
| Listing Id: | 21373655 |
|---|---|
| List Price: | $525,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active Option Contract |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 4 |
| Living Area: | 2,504 |
| Association Fee: | $600 |
| Unexempt Taxes: | $11,690 |
| Lot Size Square Feet: | 7,840.8000 |
| Lot Size Acres: | 0.18 |
| Waterfront?: | No |
| City: | Midlothian |
| County Or Parish: | Ellis |
| Subdivision Name: | Skyview Add |
| Postal Code: | 76065 |
| Year Built: | 2018 |
| Unit Count: | 2 |
| Accessibility Features Yn: | No |
| Appliances: | Electric Cooktop,Electric Oven,Microwave |
| Association Fee Frequency: | Annually |
| Association Fee Includes: | Maintenance Grounds |
| Association Type: | Mandatory |
| Attached Garage?: | Yes |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 4.00 |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Public Records |
| Building Area Total: | 2,504.00 |
| Complex Name: | Sky View |
| Consent for Visitors to Record: | None |
| Construction Materials: | Brick, Siding |
| Cooling: | Ceiling Fan(s), Central Air |
| Directions: | From Dallas: Take 35E to 67S Exit at 9th St. Go to the intersection of 9th & 8th St. Stay on the R to W8th St. to Main St. Turn R onto W. Main St. about 6 blocks to S. 5th St. Turn L onto 5th St till Walter Stephenson Rd. Turn R on Walter Stephenson Rd about mile to Skyview. |
| Elementary School: | Irvin |
| Elementary School Name: | Irvin |
| Fencing: | Back Yard, Wood |
| Flooring: | Carpet, Ceramic Tile, Tile |
| Foundation Details: | Slab |
| Garage Spaces: | 2 |
| Garage?: | Yes |
| Gross Annual Expenses: | $17,324 |
| Gross Annual Income: | $46,500 |
| Heating: | Electric |
| High School Name: | Midlothian |
| Hoa Management Company: | Skyview Addition POA |
| Hoa Management Company Phone: | 469-331-8242 |
| Insurance Expense: | $1,719 |
| Interior Features: | Granite Counters, Open Floorplan, Pantry, Walk-In Closet(s) |
| Levels: | One |
| Listing Terms: | 1031 Exchange, Cash, Conventional |
| Lot Features: | Subdivision |
| Lot Size Area: | 0.1800 |
| Lot Size Units: | Acres |
| Middle School Name: | Frank Seale |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $30,556 |
| Number Of Buildings: | 1 |
| Number Of Parking Spaces: | 2 |
| Occupancy Rate: | 100 |
| Operating Expense Includes: | Maintenance, Professional Management, Vacancy Allowance |
| Parking Features: | Driveway, Garage |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 3842 |
| Roof: | Composition, Shingle |
| School District: | Midlothian ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Utilities: | City Sewer, City Water |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: Signature Real Estate
Listing Agent: Erion Shehaj
713-952-3200
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North Texas Real Estate Information Systems, Inc. data last updated on October 08, 2026 05:11 PM - CT
Property Last Updated: October 08, 2026 05:11 PM - CT
