NOT LISTED FOR SALE
12 Beds
12 Baths
8,452 Sq Ft
13,242 Sq Ft Lot

Last Sold October 22, 2024

73 Days on Market

Highlights

  • Gated Community
  • Dual Staircase
  • Granite Countertops
  • Open Floorplan
  • Corner Lot
  • 3-minute walk to Garrett Park

About This Home

As of October 2024

Rare opportunity to purchase this 12 unit, multifamily income producing property taken down to the studs in 2017 w solid rents and excellent value add potential in the heart of East Dallas. Common area and exterior improvements include new concrete parking lot, perimeter fencing, electric parking gate, windows and landscaping. 6 units have been completely renovated, while prospective buyers have an opportunity to pull rental amounts even higher on remaining units by adding granite countertops, tile backsplashes, and stainless steel appliances. Washers and Dryers are available for tenant use on both the 1st and 2nd floors. Extra storage available on 3rd floor for each unit. Located in one of Dallas’ most desired neighborhoods for investors, East Dallas offers residents the livability of an established neighborhood while only a short drive to Dallas’ most popular destinations, all less than 2 miles away, including Uptown, Deep Ellum, Knox Henderson, Lower Greenville and Downtown Dallas.

Last Agent to Sell the Property

JP Findley

Compass RE Texas, LLC Brokerage Phone: 214-418-0455 License #0669753 Listed on: 02/06/2024

Compass RE Texas, LLC

Co-Listed By

Philip Askeroth

Compass RE Texas, LLC. Brokerage Phone: 214-418-0455 License #0746131

Last Buyer's Agent

JP Findley

Compass RE Texas, LLC Brokerage Phone: 214-418-0455 License #0669753 Listed on: 02/06/2024

Compass RE Texas, LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1941

Lot Details

  • 0.3 Acre Lot
  • Security Fence
  • Gated Home
  • Wrought Iron Fence
  • Property is Fully Fenced
  • High Fence
  • Perimeter Fence
  • Native Plants
  • Corner Lot
  • Drought Tolerant Landscaping

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 8,452 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Dual Staircase
  • Wired For A Flat Screen TV
  • Decorative Lighting
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Walk-In Closet
  • 12 Full Bathrooms

Home Security

  • Security System Owned
  • Security Lights
  • Security Gate
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 14 Parking Spaces
  • Electric Gate
  • Parking Lot
  • Assigned Parking

Schools

  • Kennedy Elementary School
  • Long Middle School
  • Woodrow Wilson High School

Utilities

  • Cooling Available
  • Central Heating
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Integrated Pest Management
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 8 / 6/707
  • Assessor Parcel Number 00000121831000000
  • $29,029 per year unexempt tax

Community Details

Overview

  • 8,452 Sq Ft Building
  • College Hill Subdivision

Amenities

  • Laundry Facilities
  • Community Mailbox

Security

  • Fenced around community
  • Gated Community

Property Details

Home Type

Apartment

Year Built

Built in 1941

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Three Or More
  • Security: Fire Sprinkler System, Gated Community, Security Gate, Security Lights, Security System, Security System Owned, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 100326
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Horse Permitted Y N: No
  • Lake Pump Y N: No
  • Ratio Current Price By Building: 224.79886
  • Attribution Contact: 214-418-0455
  • Special Features: None
  • Year Built: 1941

Interior Features

  • Square Footage: 8452.00
  • Fireplace Features: None
  • Interior Amenities: Cable TV Available, Decorative Lighting, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Multiple Staircases, Open Floorplan, Pantry, Walk-In Closet(s)
  • Flooring: Luxury Vinyl Plank
  • Appliances: Disposal, Electric Cooktop, Electric Oven, Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 12
  • Total Bedrooms: 12

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Curbs, Gated, Laundry, Perimeter Fencing, Sidewalks
  • Fencing: Fenced, Full, Gate, High Fence, Perimeter, Security, Wrought Iron
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Waterfront: No
  • Patio And Porch Features: None

Garage/Parking

  • Cooling System: Electric
  • Number Of Parking Spaces: 14
  • Parking Features: Assigned, Electric Gate, Parking Lot
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central
  • Utilities: Cable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected

Condo/Co-op/Association

  • Complex Name: College Hill
  • Association Type: None

Schools

  • School District: Dallas ISD
  • Elementary School: Kennedy

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.3040
  • Parcel Number: 00000121831000000
  • Lot Size Acres: 0.3040
  • Lot Size Sq Ft: 13242.2400

Green Features

  • GreenIndoorAirQuality: Integrated Pest Management
  • Green Landscaping: Native Landscape
  • Efficiency: Drought Tolerant Plants
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1941
  • Units Total: 12
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 75186.00
  • Gross Annual Income: 175512.00
  • Insurance Expense: 12000
  • Tenancy: Over 9 Months
  • Unit Count: 12

Tax Info

  • Unexempt Taxes: 29029
  • Special Taxing Entities: No
  • TaxBlock: 6/707
  • Tax Lot: 8

MLS Schools

  • Middle School Name: Long
  • Elementary School Name: Kennedy
  • High School Name: Woodrow Wilson
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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 List to Sale Price per Sq Ft
10/22/2024 10/22/24 Sold -- -- --
04/20/2024 04/20/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $2,299,000 -- $272 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,646 $1,700,000 $728,090 $971,910
2024 $32,646 $1,460,670 $728,090 $732,580
2023 $32,646 $1,265,000 $794,280 $470,720
2022 $26,096 $1,043,690 $794,280 $249,410
2021 $18,994 $720,000 $661,900 $58,100
2020 $17,984 $662,900 $661,900 $1,000
2019 $16,112 $566,280 $529,520 $36,760
2018 $15,398 $566,280 $529,520 $36,760
2017 $12,101 $445,000 $397,140 $47,860
2016 $11,549 $424,700 $132,380 $292,320
2015 $10,862 $396,000 $132,380 $263,620
2014 $10,862 $396,000 $132,380 $263,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20525547

North Texas Real Estate Information Systems (NTREIS)
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