Property Attributes
- MLS#20525547
- TypeContingent
- CountyDALLAS
- CityDallas
- NeighborhoodCollege Hill
- Zip75206
- StyleApartment
- Year Built1941
- Taxes$ 29029
- Price$ 2,299,000
- Bedrooms12
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage8452
- Lot Size0.304 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Rare opportunity to purchase this 12 unit, multifamily income producing property taken down to the studs in 2017 w solid rents and excellent value add potential in the heart of East Dallas. Common area and exterior improvements include new concrete parking lot, perimeter fencing, electric parking gate, windows and landscaping. 6 units have been completely renovated, while prospective buyers have an opportunity to pull rental amounts even higher on remaining units by adding granite countertops, tile backsplashes, and stainless steel appliances. Washers and Dryers are available for tenant use on both the 1st and 2nd floors. Extra storage available on 3rd floor for each unit. Located in one of Dallas’ most desired neighborhoods for investors, East Dallas offers residents the livability of an established neighborhood while only a short drive to Dallas’ most popular destinations, all less than 2 miles away, including Uptown, Deep Ellum, Knox Henderson, Lower Greenville and Downtown Dallas.
Elementary School |
---|
Kennedy Elementary School |
Price History | |
---|---|
2/6/2024 | Listed $2,299,000 |
General Features
Heating | Central |
---|---|
Complex Name | College Hill |
Cooling | Electric |
Utilities | Cable Available,City Sewer,City Water,Community Mailbox,Concrete,Curbs,Electricity Connected |
Possession | Closing/Funding |
Roof | Composition |
Appliances | Disposal,Electric Cooktop,Electric Oven,Electric Range |
School District | Dallas ISD |
Capitalization Rate | 4.36 |
Year Built | 1941 |
Tenancy | Over 9 Months |
Community Features | Curbs,Gated,Laundry,Perimeter Fencing,Sidewalks |
Levels | Three Or More |
Unexempt Taxes | 29029 |
Will Subdivide | No |
Gross Annual Expenses | 75186.00 |
Unit Number | 12 |
Property SubType | Apartment |
Subdivision Name | College Hill |
Insurance Expense | 12000 |
Occupant Type | Tenant |
Occupant Name | See Agent |
County | Dallas |
Operating Expense Includes | Other |
Property Type | Residential Income |
Security Features | Fire Sprinkler System,Gated Community,Security Gate,Security Lights,Security System,Security System Owned,Smoke Detector(s) |
Construction Materials | Brick |
Year Built Details | Preowned |
HOA Type | None |
Green Energy Efficient | Drought Tolerant Plants |
# of Buildings | 1 |
Green Landscaping | Native Landscape |
Status | Active Contingent |
Directions | Use Apple Maps. |
City | Dallas |
Buyer Agent Compensation | 2 |
Elementary School Name | Kennedy |
High School | Woodrow Wilson |
Street Name | Bryan |
Green Indoor Air Quality | Integrated Pest Management |
Elementary School | Kennedy |
Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20525547 |
Standard Status | Active Under Contract |
Buyer Agent Compensation Type | % |
Interior Features
Interior Features | Cable TV Available,Decorative Lighting,Flat Screen Wiring,Granite Counters,High Speed Internet Available,Multiple Staircases,Open Floorplan,Pantry,Walk-In Closet(s) |
---|---|
Flooring | Luxury Vinyl Plank |
Occupancy Rate | 91 |
Fireplace Features | None |
Total Units | 12 |
Unit Count | 12 |
Full Baths | 12 |
Lock Box Type | Combo |
Street Suffix | Street |
Total Bedrooms | 12 |
Exterior Features
Exterior Features | Lighting |
---|---|
Lot Features | Corner Lot |
Fencing | Fenced,Full,Gate,High Fence,Perimeter,Security,Wrought Iron |
Lot Size Source | Public Records |
Parking Features | Assigned,Electric Gate,Parking Lot |
Lot Size | Less Than .5 Acre (not Zero) |
Foundation | Slab |
Lot Size Area | 0.3040 |
Number Of Parking Spaces | 14 |
Lot Size Units | Acres |
Building Area Total | 8452.00 |
Lot Size Square Feet | 13242.2400 |
Lot Size Acres | 0.3040 |
Patio And Porch Features | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool