Property
Beds
18
Full Baths
16
1/2 Baths
None
Year Built
1925
Sq.Footage
3,040
A rare opportunity to acquire a fully renovated 16-unit condominium portfolio one block from Bishop Avenue, one of Dallas's most active dining and entertainment corridors. The portfolio spans 4 buildings and delivers 9 leased units with in-place income at closing, with the remaining 7 units rent-ready and actively being leased at current market rates. No deferred maintenance. No renovation timeline. The heavy lifting is done. The unit mix includes studios, one-bedroom, and two-bedroom residences, individually metered for utilities with tankless water heaters throughout. The flexible unit mix supports long-term and mid-term rental strategies, with additional uses subject to city guidelines. With stabilized pro forma gross income of $247,200 annually and a location that continues to benefit from Dallas's urban core demand, this portfolio is positioned for an investor seeking immediate cash flow with a clear path to full stabilization.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Walk-In Closet(s), High Speed Internet
-
Total Bedrooms
18
-
Bathrooms
16
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Brick, Vinyl Siding
-
Parking
Common, No Garage, On Street, Parking Lot, Parking Pad, Paved
-
Patio and Porch Features
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.121
-
Lot Size(square feet)
5270.76
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$3,318,000
-
Tax Amount
$15,749
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
Yes
-
Association Fee
$200
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Reagan
-
Middle School
Garcia
-
High School
Adamson
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
2
-
Water Source
Public
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Location
County
Dallas
Elementary School
Reagan
Middle School
Garcia
High School
Adamson
Listing Courtesy of Rachael Gray Smith , Compass RE Texas, LLC
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AGENT
Joe Boston
Call Joe today to schedule a private showing.
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