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408 Dr Martin Luther King Jr Boulevard

Waxahachie, TX 75165

$3,850,000

18 units · 2021

Units18
Building area20,994 sq ft
Year built2021
Gross income$270,047/yr
Parking32 spaces
Lot size1.071 acres
TypeResidential Income

What it costs to own

Taxes$71,823 per year
HOANone listed
Insurance$37,257 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Rare Investment Opportunity. Spring Creek Villas is a contemporary 18-unit apartment community built in 2021, located just minutes from historic downtown Waxahachie. The apartment complex offers a compact, walkable neighborhood feel while being walking distance to shopping, dining, and entertainment in the downtown area! The 18 units are arranged in a modern design with 1 bedroom and 2 bedroom floor plans ranging from 876 sq ft to 1220 sq ft. Every unit comes completely outfitted with all major appliances, including washer and dryer. Fully gated perimeter with assigned resident parking spaces. Pool with private cabana and a dedicated outdoor grilling area. Direct access points to the popular Waxahachie Creek hike and bike trail. This property appeals to today’s renter profile seeking modern finishes.

The details

HeatingCentral, Electric
CoolingCentral Air
FlooringCeramic Tile, Luxury Vinyl Plank
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator
Interior featuresCable TV Available, Decorative Lighting, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Walk-In Closet(s)

Construction materialsBrick
RoofComposition
FoundationSlab

Lot featuresFew Trees, Interior Lot, Landscaped, Sprinkler System
FencingMetal
Water sourceCity Water
SewerCity Sewer
PoolPrivate pool · Fenced, Gunite

SubdivisionCrescent Crk Villas

ElementaryMarvin
Middle schoolHoward
High schoolWaxahachie
DistrictWaxahachie ISD

Gross income$270,047 per year
Insurance$37,257 per year

MLS #21416184
Source
On the marketListed today
CountyEllis

Around this home

One moment…

Everyday life

Nearest groceryFoodland · 0.6 mi
Nearest parkFreedman Memorial Plaza · 0.1 mi

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Listing courtesy of CENTURY 21 Judge Fite Co. — Irma Monkres.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21416184. Information last updated October 21, 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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