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6632-6634 Florence Drive

Midlothian, TX 76065

$699,000 Pending

2 units · 2026

Units2
Building area3,306 sq ft
Year built2026
Gross income$55,080/yr
Cap rate4.98% as listed
Parking2 spaces
Lot size1 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOA$1,068 per year · Edgewood Estates HOA
HOA fee coversMaintenance Grounds
Operating expenses$20,247 per year — as listed
Insurance$2,850 per year — as listed
Net operating income$34,833 per year — as listed

About this home

Builder offering rate buy-down options through preferred lender—as low as 5.25%. Select units are already pre-leased, and additional first-year property management incentives are available. A prime, turnkey addition to any investment portfolio.

Fully leased and cash-flowing from day one, this luxury duplex is a standout investment in the booming DFW market. Built Class-A and designed for long-term performance, this new construction property sits on spacious acre lots with the added advantage of low property taxes—making it an ideal long-term hold.

Each of the two thoughtfully designed single-story units offers approximately 1,653 SF of open-concept living space, featuring 3 bedrooms plus a versatile flex room (perfect as a fourth bedroom, office, or media space), 2 full baths, and an attached 2-car garage. Covered patios and private fenced backyards enhance tenant appeal with seamless indoor-outdoor living.

Located at the corner of 875 and Edgewood Rd in the desirable Edgewood Estates community of Midlothian and zoned to highly regarded Waxahachie ISD. Just 30 minutes to both Downtown Dallas and Fort Worth, and only 8–10 minutes to Methodist Midlothian Medical Center, Baylor Scott & White Waxahachie, plus major retail and dining destinations. Easy access to major employment hubs further strengthens rental demand.

Stabilized, income-producing, and positioned in one of North Texas’ fastest-growing corridors—opportunities like this don’t sit still.

The details

HeatingElectric
CoolingElectric
FlooringCarpet, Luxury Vinyl Plank
AppliancesDishwasher, Electric Oven, Electric Range, Microwave
Interior featuresDouble Vanity, Granite Counters, Kitchen Island, Pantry, Walk-In Closet(s)
FireplaceNone

Construction materialsBrick, Siding, Stone Veneer, Wood
RoofComposition
FoundationSlab
New constructionYes

Lot featuresAcreage
FencingBack Yard, Chain Link, Wood
SewerAerobic Septic

SubdivisionEdgewood Estates

ElementaryWedgeworth
Middle schoolEvelyn Love Coleman
High schoolWaxahachie
DistrictWaxahachie ISD

Gross income$55,080 per year
Operating expenses$20,247 per year
Insurance$2,850 per year
Cap rate4.98% — as listed
Net operating income$34,833 per year

MLS #21382509
Source
On the market7 days
CountyEllis

Around this home

One moment…

Everyday life

Nearest groceryKroger · 4.5 mi
Nearest parkMidlothian Community Park · 3.8 mi

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Listing courtesy of Marshall Reddick Real Estate — Eric Douglas.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21382509. Information last updated September 14, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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