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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Marshall Terrace
MLS Listing ID 20434816
Sold Date 08/23/24
Bedrooms 8
Full Baths 8
HOA Y/N None
Total Fin. Sqft 2568
Year Built 1982
Annual Tax Amount $14,877
Lot Size 7,927 Sqft
Acres 0.182
Property Description
VALUE ADD OPPORTUNITY! SELLER IS OPEN TO CREATIVE FINANCE. LOAN BALANCE IS 445K WITH A 4.75 INTEREST RATE. Seller would like 200-250k cash down, the remaining balance he is open to seller financing on a 30 year am with a 5 year balloon. Apartment complex for sale in a very desirable area in Dallas primed for growth. The complex has 8 total units, 4 on the first floor and 4 on the second floor. Fully leased at $975 each and all are on month-to-month leases. Owner pays water, trash, and exterior lights. Tenants are responsible for the interior lights and all other utilities. With exterior improvements, rent could easily be pushed to $1,025 per month based on neighboring comps. All leases, 2022 and 2023 financials, and utility bills are available in transaction desk.
Location
State TX
County Dallas
Direction GPS.
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Other
Appliance Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
Heat Source Central, Electric
Exterior
Utilities Available Cable Available, City Sewer, City Water
Roof Type Composition
Parking Type Assigned, Common
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Foster
Middle Schools Cary
High Schools Jefferson
School District Dallas Isd
Others
Ownership See Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Porfirio Segovia • Creative Real Estate Solutions LLC.
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