Description

FANTASTIC KNOX-HENDERSON AREA TRIPLEX for Sale This is a fantastic and rare three-story investment property in the highly desirable 75205 Knox-Henderson and SMU area. It is located on a quiet residential street between Cole and McKinney avenues. Charming cottages and era homes are neighboring properties, making this a lovely street for a stroll or a walk to Trader Joe’s. Restaurants, bars and upscale shopping are all nearby and within walking distance. Turtle Creek and the historic Katy Trail are a mile away. Residents also have easy access to highways, SMU, and downtown Dallas. This is a spectacular property in excellent condition. It was built in 2005 with style, technology and function in mind. Three modern and charming townhouses were designed with custom amenities, comfort and privacy. All have their own garage. Largest unit was designed for owner occupancy and has a beautiful private pool and spa, 2 car garage, 2 fireplaces, smart wiring, wet bar, 2 full-size balconies, and self-cleaning tub among other features. Optional upgrades in the tune of $10-15K across all three units over next two years. All three units are currently rented through April and Dec 2019 respectively. Current monthly cash flow at $6,300, will be $8,000/month at renewal.  The property is being marketed at $1.35M for all three units. For questions and to receive an Investor Brochure with details, please contact Christina Spence at: 469-888-8207 or via email at Buyers@FreedomHomesTexas.com


Property Details

Property Status Expired
Location 3113 Oliver Street, Dallas, TX, USA
Price $1,350,000
Estimated Repairs $10,000
Square Footage 4310
Sq Footage Source tax_records
# of Units 3
Market Rent (Annually) $90,000
Gross Rent $75,600
% leased 100%
Gross Yield 5.6%
Net Income (Annual) $75600
Net Yield 5.6%
Property Management In Place yes
Seller Financing Available no
Sellers Disclosure I have equitable interest and am assigning my rights to purchase this property
Publish Date April 24th, 2018

Seller Information

jcatrusts

Member since April 2018
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