$700,000
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8 Beds
4 Baths
10,497 Sqft Lot
SOLD DATE : 06/24/2024
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Avenue Heights
MLS Listing ID 20617998
Sold Date 06/24/24
Bedrooms 8
Full Baths 4
HOA Y/N None
Total Fin. Sqft 6600
Year Built 1920
Annual Tax Amount $23,436
Lot Size 10,497 Sqft
Acres 0.241
Property Description
One of 5 properties in a portfolio of 31 units in East Dallas, all within a 2-mile radius. At Brookstone on Gaston, tenants enjoy easy access to popular restaurants and attractions in Dallas, with close proximity to Lower Greenville, Uptown, Deep Ellum, White Rock Lake, and Downtown Dallas. The offering consists of 4 units with spacious two-bedroom, one bath units averaging over 1,600 SF. The property has had the same ownership for over 20 Years and offers various value add opportunities including increasing rents through unit upgrades, selling off units as a condominium conversion, or converting to short or mid-term rentals. Property also includes washer and dryer hookups in each unit. See Transaction Desk for the OM with the entire portfolio and provided financial analysis for each property. Can buy all of them together or separately. Reach out to agent for financials. No showings for occupied until execution to minimize disturbing tenants.
Location
State TX
County Dallas
Direction From Fitzhugh, turn right onto Gaston and property will be on the corner of Grisby and Gaston.
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile, Vinyl, Wood
Fireplaces Type Brick
Appliance Dishwasher, Disposal, Gas Range, Refrigerator
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Shingle
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick,Wood
Schools
Elementary Schools Zaragoza
Middle Schools Spence
High Schools North Dallas
School District Dallas Isd
Others
Ownership CPP 5X5 TRUST
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
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Bought with Nick Lamaison • JPAR Mansfield
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "