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.
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Listing Snapshot
Price
$2,299,000
Days Online
77 Days
Bedrooms
12
Inside Area (SqFt)
8,452 sqft
Total Baths
12
Full Baths
12
Partial Baths
N/A
Lot Size
0.304 Acres
Year Built
1941
MLS® Number
20525547
Status
Active Under Contract
Property Tax
$29,029
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 months ago
Listing first seen online
8 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.304
Contingency
Financing
Foundation
Slab
Parking
AssignedElectric GateParking Lot
Parking Spaces
14
Property Sub Type
Apartment
Security
Security SystemFire Sprinkler SystemGated CommunitySecurity GateSecurity LightsSecurity System OwnedSmoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
8452
Stories
Three Or More
Utilities
Cable AvailableElectricity Connected
Water Source
Public
Interior Features
Appliances
DisposalElectric CooktopElectric OvenElectric Range
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