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John Mays

john@john-mays.com +1(817) 681-2167

$725,000

Est. payment - /mo

5 Beds

5 Baths

10,018 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Appel & Harpers

MLS Listing ID 21238193

Bedrooms 5

Full Baths 5

HOA Y/N None

Total Fin. Sqft 3848

Year Built 1925

Annual Tax Amount $14,859

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Quadruplex

Property Description

DO NOT DISTURB TENANTS, NO SHOWINGS UNTIL ACCEPTABLE EXECUTED OFFER. Come check out this RARE quadruplex located in a quickly developing and growing area is East Dallas within walking distance to the famous Swiss Avenue. The property is perfect is you're looking to generate income and watch your property value increase with the number of teardowns happening in this area. Three of the units are 1 bed, 1 bath, and the last unit is a 2 bed, 1 bath. The 1 bed units are currently being leased at $1,085, $1,135, and $1,000 respectively and the 2 bed unit is being leased for $1,375. All of these rent numbers are way under market rent for this area and after renovating and updating each unit there is a value add play for the buyer. Other updates from the current owner include - All PVC waste lines, 3 of the 4 HVAC units have been replaced the last 5 years, and the roof was replaced in 2012. All tenants pay their own electric, the tenants on the top units pay their water, on the bottom units the owner pays water with no charge back to them.

Location

State TX

County Dallas

Direction Use your GPS to take you right to the property.

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Central, Electric

Cooling Central Air, Electric

Flooring Varies

Appliance Other

Heat Source Central, Electric

Exterior

Utilities Available Cable Available, City Sewer, City Water

Roof Type Composition

Garage No

Building

Story Two

Foundation Other

Level or Stories Two

Structure Type Other

Schools

Elementary Schools Lipscomb

Middle Schools Long

High Schools Woodrow Wilson

School District Dallas Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21238193

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Harrison Sharp • BK Real Estate

Nearby School & Business

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John Mays

+1(817) 681-2167

Agent | License ID: 0691996

Agent License ID: 0691996

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5309 Reiger Avenue Dallas, TX 75214

John Mays

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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