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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,516 sqft
Price per Sqft $85
Subdivision Holiday Hill Estates
MLS Listing ID 14347548
Sold Date 06/30/20
Bedrooms 6
Full Baths 6
HOA Y/N None
Total Fin. Sqft 3516
Year Built 1969
Annual Tax Amount $3,353
Lot Size 6,359 Sqft
Acres 0.146
Property Description
This 4-plex property in Grand Prairie, TX is currently operating at an NOI of $19,631 and is 100% occupied. The property consists of two 1BD-1BA units and two 2BD-2BA units. This is a value-add investment, presenting new ownership with the opportunity to add washers and dryers in each unit in either the kitchen or bedrooms and implement RUBS at $50-unit to recover apx 80% of annual water-sewer expense. Adding these features will allow new owner to increase rents to $700 for 1 bed units and $750 for 2 bed units. Pro Forma NOI is $22,118 at a 7.37% cap rate...View the OM in attachments for showing and offer instructions.*** Prior purchase failed to perform. Back on market!
Location
State TX
County Dallas
Direction From I-30 exit NW 19th and go south. Stay on Hwy 161 service road to Hill Street. Go east under the underpass and get on the service road going north. Roman will be on your right.
Interior
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Fireplaces Type Wood Burning
Appliance Electric Range, Refrigerator, Vented Exhaust Fan, Electric Water Heater
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water, Sidewalk
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Story Two
Foundation Slab
Structure Type Frame,Wood
Schools
Elementary Schools Eisenhower
Middle Schools Adams
High Schools Grand Prairie
School District Grand Prairie Isd
Others
Ownership Owner of Record
Financing Cash
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Bought with Rocky Presley • New Western Acquisitions
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