12 Beds
12 Baths
9,801 Sqft Lot
12 Beds
12 Baths
9,801 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision University Place
MLS Listing ID 21260036
Bedrooms 12
Full Baths 12
HOA Y/N None
Total Fin. Sqft 3984
Year Built 1929
Annual Tax Amount $35,182
Lot Size 9,801 Sqft
Acres 0.225
Property Sub-Type Apartment
Property Description
Situated on approximately a quarter-acre lot, the property benefits from an exceptional location just minutes from Highland Park and the vibrant Lemmon Avenue corridor.? Tenants enjoy immediate access to a wide array of restaurants, grocery stores, retail, and everyday conveniences, making this a consistently desirable rental location.?
The asset consists of twelve residential units plus an additional apartment above the carport, offering supplemental income potential.? Ownership has maintained the property with key capital improvements, including updated plumbing, electrical systems, and roof, reducing near-term deferred maintenance concerns.?
Currently averaging approximately $1,200 per unit in monthly rent, the property presents a strong in-place income stream with additional upside through operational efficiencies and potential rent growth.? The current owner has personally managed the property since 1996 and occupies one of the units, reflecting long-term stewardship and pride of ownership.?
Offered as-is, this is a rare opportunity to acquire a well-located, character-rich multifamily asset in one of Dallas' most sought-after rental submarkets.?
Location
State TX
County Dallas
Direction USE GPS
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Floor Furnance
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Hardwood
Appliance Other
Heat Source Floor Furnance
Exterior
Utilities Available Cable Available, City Sewer, City Water, Community Mailbox, Electricity Connected, Master Gas Meter, Master Water Meter
Roof Type Composition
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Milam
Middle Schools Rusk
High Schools North Dallas
School District Dallas Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21260036
Nearby Locations
Top 1% Real Estate Team in Texas
Over $2 Billion in Total Sales