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6625-6627 Florence Drive

Midlothian, TX 76065

$699,000

2 units · 2026

Units2
Building area3,306 sq ft
Year built2026
Gross income$59,784/yr
Cap rate2.58% as listed
Parking4 spaces
Lot size1.03 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOA$1,065 per year · Goodwin Managment
HOA fee coversMaintenance Grounds, Management Fees
Operating expenses$59,784 per year — as listed
Insurance$18,065 per year — as listed
Net operating income$18,065 per year — as listed

About this home

5.25% Rate (only with preferred lender) on this prime Investment opportunity to add to your portfolio, house hack, or complete your 1031 exchange. Class A new construction luxury duplex on a 1 acre lot with very LOW property taxes in the scorching hot DFW market. This duplex features two 1653 SF units with 4 bedrooms, 2 baths, and a 2-car garage on one level. Each unit has a covered patio and a fenced-in backyard. Edgewood Estates is located in Midlothian, Texas, and it is zoned to good Waxahachie ISD schools. Midlothian is just a 30-minute drive to Downtown Dallas and Fort Worth. Also, this project is a short 8-10 min drive from Methodist Midlothian Health and Waxahachie’s Baylor Scott and White, as well as from Midlothian and Waxahachie’s retail and dining. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management, this asset is primed for continued growth. Proven rents of $2,450 per month per unit at peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.

The details

HeatingCentral
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank
AppliancesElectric Cooktop, Electric Oven, Electric Range, Microwave
Interior featuresBuilt-in Features, Decorative Lighting, Double Vanity, Eat-in Kitchen, Kitchen Island, Open Floorplan, Walk-In Closet(s)

Construction materialsBrick, Rock/Stone, Siding, Wood
RoofComposition
FoundationSlab
New constructionYes

FencingBack Yard
Water sourceCo-op Water
SewerAerobic Septic

SubdivisionEdgewood Estates

ElementaryWedgeworth
Middle schoolEvelyn Love Coleman
High schoolWaxahachie
DistrictWaxahachie ISD

Gross income$59,784 per year
Operating expenses$59,784 per year
Insurance$18,065 per year
Cap rate2.58% — as listed
Net operating income$18,065 per year

MLS #21421899
Source
On the marketListed today
CountyEllis

Around this home

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Everyday life

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

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Listing courtesy of Legacy Realty Group — Melanie Brewer.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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6450 McChesney Drive, Midlothian, TX 76065

$699,000

4 bd · 3.5 ba · 3,110 sq ft · 1.02 ac

6450 McChesney Drive

Midlothian, TX 76065

Listing courtesy of Oliver Realty

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21421899. Information last updated October 28, 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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