12 Beds
12 Baths
3,984 SqFt
12 Beds
12 Baths
3,984 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,984 sqft
Price per Sqft $753
Subdivision University Place
MLS Listing ID 21260036
Bedrooms 12
Full Baths 12
HOA Y/N No
Year Built 1929
Annual Tax Amount $35,182
Lot Size 9,801 Sqft
Acres 0.225
Property Sub-Type Apartment
Property Description
Situated on approximately a quarter-acre lot, the property benefits from an exceptional location just minutes from Highland Park and the vibrant Lemmon Avenue corridor.? Tenants enjoy immediate access to a wide array of restaurants, grocery stores, retail, and everyday conveniences, making this a consistently desirable rental location.?
The asset consists of twelve residential units plus an additional apartment above the carport, offering supplemental income potential.? Ownership has maintained the property with key capital improvements, including updated plumbing, electrical systems, and roof, reducing near-term deferred maintenance concerns.?
Currently averaging approximately $1,200 per unit in monthly rent, the property presents a strong in-place income stream with additional upside through operational efficiencies and potential rent growth.? The current owner has personally managed the property since 1996 and occupies one of the units, reflecting long-term stewardship and pride of ownership.?
Offered as-is, this is a rare opportunity to acquire a well-located, character-rich multifamily asset in one of Dallas' most sought-after rental submarkets.?
Location
State TX
County Dallas
Community Community Mailbox
Direction USE GPS
Interior
Interior Features High Speed Internet, Cable TV
Heating Floor Furnace
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features Additional Parking, Drive Through
Pool None
Community Features Community Mailbox
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, Water Available, Cable Available
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 4
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Milam
Middle Schools Rusk
High Schools North Dallas
School District Dallas Isd
Others
Tax ID 00000196471000000
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21260036
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