Property
Beds
8
Full Baths
4
1/2 Baths
4
Year Built
1983
Sq.Footage
N/A
Showing window Saturday December 13th from 10 AM to 11 AM. Final and best offers due Monday at 12 PM. Well maintained quadplex in a strong rental pocket offering instant equity and clear upside for the next owner. All four units, 51, 53, 55 and 57, feature a two story layout with a living room, fireplace, wet bar, kitchen, dining area, half bath and laundry connections on the first level. Upstairs includes two bedrooms and a full bathroom. Interiors have updated paint and wood style vinyl plank flooring that holds up well to tenant traffic. This property sits within a federally designated Opportunity Zone which offers a strategic long term tax advantage. Each unit is individually metered and tenants pay all their own utilities. There is no HOA and no shared dumpster cost which keeps operating expenses very low. The location continues to attract reliable renter demand with convenient access to major commuting routes and area employment. Unit 55 is currently leased at 1300 per month. Market rents support 1300 to 1400 per month which provides immediate room for income growth as the remaining units are leased and stabilized. The property is clean and ready for the next owner to step in, finish leasing, and allow the equity and cash flow to follow. A straightforward value add opportunity with strong fundamentals and minimal heavy lifting.
Features & Amenities
Interior
-
Other Interior Features
High Speed Internet
-
Total Bedrooms
8
-
Bathrooms
4
-
1/2 Bathrooms
4
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Assigned
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Interior Lot
-
Lot Size(acres)
0.278
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$550,000
-
Tax Amount
11185.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Frank Guzick
-
Middle School
H.W. Lang
-
High School
Skyline
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
1
-
Water Source
Public
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Location
County
Dallas
Elementary School
Frank Guzick
Middle School
H.W. Lang
High School
Skyline
Listing Courtesy of Jacob Stevenson , Compass RE Texas, LLC.
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