$1,600,000
$100K PRICE DROP

Estimated payment $10,978/month

Total Views 16,586
16 Beds
16 Baths
3,960 Sq Ft
$404 Price per Sq Ft

Highlights

  • 0.63 Acre Lot
  • Central Heating
  • Vinyl Flooring

About This Home

This multi-family property at 2401 Berwick Avenue presents a prime investment opportunity for discerning buyers seeking to maximize their return on investment. With a strong rental history and significant potential for increased rental income, this property offers a lucrative avenue for long-term financial growth and wealth accumulation.
Enjoy a stable and consistent income stream with this well-maintained multi-family property. The current tenants provide a reliable source of rental income, ensuring steady cash flow and financial security for the future. This property is an ideal choice for investors looking to secure a dependable and appreciating asset in a thriving market.
Situated in a desirable and growing location, this property holds immense potential for value appreciation. With strategic renovations, updated amenities, or rent adjustments, there is ample opportunity to enhance the property's market value and increase rental revenue. The location's strong demand for housing further solidifies the property's ability to deliver sustained profitability and long-term success. Don't miss out on this exceptional investment prospect. Act now to capitalize on the future growth and profitability potential of 2401 Berwick Avenue. Secure your foothold in a competitive market and take the next step toward financial success with this prime multi-family property.

Listing Agent

Mark Allen, CCIM

Onyx Legacy Realty LLC License #0589645 Listed on: 03/12/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $27,321

Year Built

  • Built in 1951

Lot Details

  • 0.63 Acre Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Electric Cooktop

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Full Bathrooms

Schools

  • Mills Elementary School
  • Roosevelt High School

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 00000457387000000
  • Tax Block 75897

Community Details

Overview

  • 16 Units
  • 3,960 Sq Ft Building
  • Corinth Heights Subdivision

Building Details

  • Gross Income $165,817
  • Net Operating Income $104,510

Property Details

Home Type

Apartment

Est. Annual Taxes

$27,321

Year Built

Built in 1951

Lot Details

0

Listing Details

  • OWNERNAME: TAX
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Two
  • Year Built Details: Preowned
  • CapRate: 6.53
  • Co List Office Mls Id: OXLR01
  • Special Features: VirtualTour
  • Year Built: 1951

Interior Features

  • Interior Amenities: Other
  • Flooring: Vinyl
  • Appliances: Electric Cooktop

Beds/Baths

  • Full Bathrooms: 16
  • Total Bedrooms: 16

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Brick, Frame, Wood Siding
  • Pool Features: None

Garage/Parking

  • Cooling System: Window Unit(s)
  • Parking Features: Asphalt

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Mills
  • High School: Roosevelt
  • Junior High Dist: Dallas ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.627
  • Parcel Number: 00000457387000000
  • Lot Size Acres: 0.627
  • Lot Size Sq Ft: 27312.12

Building Info

  • Year Built: 1951
  • Units Total: 16

Multi Family

  • Insurance Expense: 20000.0
  • Annual Gross Income: 165817.0
  • Property Net Operating Income: 104510.0

Tax Info

  • TaxBlock: 75897
  • Tax Annual Amount: 27321.0

MLS Schools

  • MiddleOrJuniorSchool: Zumwalt

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $1,600,000 -5.9% $404 / Sq Ft
03/12/2025 03/12/25 For Sale $1,700,000 -- $429 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20869063

North Texas Real Estate Information Systems (NTREIS)