UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Dallas Land & Loan 02
MLS Listing ID 21137128
Bedrooms 18
Full Baths 16
HOA Fees $200/mo
HOA Y/N Mandatory
Total Fin. Sqft 3040
Year Built 1925
Annual Tax Amount $15,749
Lot Size 5,270 Sqft
Acres 0.121
Property Sub-Type Apartment
Property Description
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.
Location
State TX
County Dallas
Direction google maps are correct. Corner of 9th and Adams
Interior
Interior Features Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Multiple Staircases, Open Floorplan, Walk-In Closet(s)
Heating Other
Cooling Other
Flooring Laminate
Appliance Dishwasher, Electric Oven, Refrigerator
Heat Source Other
Exterior
Utilities Available City Sewer, City Water, Individual Gas Meter, Individual Water Meter
Roof Type Composition,Shingle
Garage No
Building
Lot Description Corner Lot
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Reagan
Middle Schools Garcia
High Schools Adamson
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/21137128
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.