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8007 Rothington Road W , 11-17

Dallas, TX 75227
  • $545,000
  • STATUS: Active Option Contract
  • ON SITE: 72 Days
  • MLS #: 14671854
Under Contract
UPDATED: 69 min ago
$545,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1983
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Offered by Aaron Jistel of Listing Spark.

Description

Over 7.61 CAP rate at $545,000 offering price. Beautifully renovated and upgraded FOUR PLEX, this 4 unit market-rate property in SouthEast Dallas is currently operating at an NOI of $40,580 at an 7.45% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1100 unit, while the average market rate is $1200 unit. Increasing rents to this rate will realize an additional $4,800 in annual rent revenue. In 2019, this property was completely updated with cosmetic features inside and out. Interior units renovated from 2018- 2019.

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© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-03T06:40:03.473.
www.rebdgroup.com/homes/121625290
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8007 Rothington Road W , 11-17 Dallas, TX 75227

  • Price: $545,000
  • Status: Active Option Contract
  • On Site: 72 Days
  • Updated: 69 min ago
  • MLS #: 14671854
0
Beds
0
Baths
0
½ Baths
1
Acres
1983
Built
Neighborhood:
Buckner Terrace Apts #2
County:
Dallas
Area:
Dallas
Elementary School:
Rowe
Middle School:
Hood
High School:
Skyline
School District:
Dallas ISD
Property Description
Over 7.61 CAP rate at $545,000 offering price. Beautifully renovated and upgraded FOUR PLEX, this 4 unit market-rate property in SouthEast Dallas is currently operating at an NOI of $40,580 at an 7.45% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1100 unit, while the average market rate is $1200 unit. Increasing rents to this rate will realize an additional $4,800 in annual rent revenue. In 2019, this property was completely updated with cosmetic features inside and out. Interior units renovated from 2018- 2019.
Exterior Features

Construction Brick Foundation Slab Parking Or Garage Carport-Individual Parking Spaces 9 Pool On Property No Roof Composition

Interior Features

Fireplace Features Brick Fireplaces 4 Flooring CarpetCeramic Tile Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Cable Tv AvailableHigh Speed Internet Available Kitchen Equipment DishwasherRange/Oven-ElectricRefrigeratorWater Line To Refrigerator Sq Ft Building 4400

Property Features

Building Area Source Tax Buildings 1 Complex Name Buckner Terrace Apts Construction Status Preowned Gross Annual Expenses 12226 Gross Annual Income 53700 HOA None Insurance Expense 0 Municipal Utility District Yes Net Annual Income 41474 Possession Closing/Funding Property Type Mul-Fourplex Proposed Financing CashConventionalFhaOwner Carry FirstOwner Carry SecondVa Unit Count 1 Utilities City SewerCity Water Will Subdivide No

Listing information © 2021 North Texas Real Estate Information System.


© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-03T06:40:03.473.
 
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Real Estate By Design | Keller Williams
2434 Lillian Miller Pkwy
Denton TX, 76205
Offered by Aaron Jistel of Listing Spark.