6862 Lazy Vale Ct |
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| Price: | $3,100,000 |
| Property Type: | Multi-family |
| MLS #: | 26004024 |
| County: | Smith |
| Year Built: | 2023 |
| Bedrooms: | Three |
| Bathrooms: | Three |
| Square Feet: | 14980 |
| Elementary School: | JACK |
| Middle School: | THREE LAKE |
| High School: | TYLEG |
| FOR SALE: Four newly constructed duplexes (8 total units), 100% occupied, delivering strong in-place performance at an attractive 6.3% cap rate with an average rent rate of $1.49/SF. Designed with modern finishes and durable, low-maintenance materials, this property targets quality tenants and provides a turnkey opportunity for investors seeking stabilized cash flow in a growing area. Each unit features open-concept living, high ceilings, and abundant natural light. Kitchens are finished with stainless steel appliances, quartz countertops, custom cabinetry, and a breakfast bar. Units offer 2–3 bedrooms, including primary suites with well-appointed bathrooms featuring dual vanities and walk-in showers. Tenants enjoy fenced backyards, with yard maintenance handled by the HOA, supporting a low-touch ownership profile. Additional features include energy-efficient appliances and construction, attached 2-car garages, and ample additional parking. The neighborhood is positioned for continued demand with future amenities planned, including a pond and walking/biking trails, and is conveniently located near shopping, schools, and parks. Bonus Upside / Expansion: Additional duplex lots are also available for sale immediately adjacent to the community, offering a rare opportunity to expand the footprint and create a scalable duplex portfolio in one location. | |
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CONSTRUCTION Brick and Wood
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COOLING
Central Electric
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Courtesy: Ihrig, Cole • P&I Real Estate Management • 903-533-1255 
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This content last refreshed on 04/02/2026 03:00 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
