$2,550,000
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42 Beds
20 Baths
13,560 SqFt
SOLD DATE : 11/08/2022
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,560 sqft
Price per Sqft $188
Subdivision Hutchins Acreage Div 02
MLS Listing ID 20096923
Sold Date 11/08/22
Bedrooms 42
Full Baths 20
HOA Y/N None
Total Fin. Sqft 13560
Year Built 1970
Annual Tax Amount $11,615
Lot Size 0.439 Acres
Acres 0.439
Property Description
Renovated inside and out complex 20min from down town Dallas, 5min from Amazon and Fedex facilities. This property is comprised of one 5 unit townhome style building, an 8 unit urban style building, an 8 unit garden style building and the fourth building is an office - laundry that can be used as a managers suite or rental unit. The 21 units feature three floor plans and all 2bd 1bd with new leases $950 with no advertising. The complex stays 100 percent occupied. Perfect for an investor who would like to pick finishes and landscaping to maximize returns. This property has a hedge on inflation. Lots of room for value added opportunities ie; laundry facility, small fenced yards for garden units, carports.
Location
State TX
County Dallas
Community Curbs
Direction Take exit 473A toward J J Lemmon Rd, Turn right onto Lancaster Hutchins Rd, Turn left onto Franklin St
Interior
Interior Features Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available
Heating Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Ceramic Tile, Luxury Vinyl Plank
Appliance Dishwasher, Electric Range
Heat Source Electric
Exterior
Community Features Curbs
Utilities Available Cable Available, City Sewer, City Water, Electricity Available, Sidewalk
Roof Type Composition
Parking Type Asphalt, Common, On Street, Paved
Total Parking Spaces 38
Garage No
Building
Lot Description Corner Lot, Subdivision
Story Two
Foundation Slab
Structure Type Brick,Siding
Schools
School District Dallas Isd
Others
Ownership Of Record
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
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Bought with Alexis Gorham • United Real Estate
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States