5444 Gaston Avenue

    Dallas, TX 75214
    • $1,495,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: 14263223
    UPDATED: 114 min ago
    $1,495,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Keith Auten of Auten Realty Llc.

    Description

    Calling all investors! Newly renovated, stabilized, cash flowing asset in hot upper Gaston corridor. Offered at a 5.8% Cap Rate and 15.32% IRR. Property offers a value-add lite opportunity. 4 units are rent controlled (Dallas City and County LURA). LURA expires May 2021. All units upgraded to the same standard. Electricity is individually metered and paid by the tenants. Each unit has W-D connections. Increase revenue by RUBS on remaining utilities. Great 1031 candidate. Call today to get more information about this fantastic opportunity.

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    © 2020 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 Tenesha Lusk Realty Group | 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 Tenesha Lusk Realty Group | 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 2020-02-25T23:41:31.84.
    www.dfwpropertyforsale.com/homes/102399107

    5444 Gaston Avenue Dallas, TX 75214

    • Price: $1,495,000
    • Status: Active
    • Updated: 114 min ago
    • MLS #: 14263223
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1961
    Built
    Neighborhood:
    Munger Place
    County:
    Dallas
    Area:
    Dallas East
    Elementary School:
    Lipscomb
    Middle School:
    Long
    High School:
    Wilson
    School District:
    Dallas ISD
    Property Description
    Calling all investors! Newly renovated, stabilized, cash flowing asset in hot upper Gaston corridor. Offered at a 5.8% Cap Rate and 15.32% IRR. Property offers a value-add lite opportunity. 4 units are rent controlled (Dallas City and County LURA). LURA expires May 2021. All units upgraded to the same standard. Electricity is individually metered and paid by the tenants. Each unit has W-D connections. Increase revenue by RUBS on remaining utilities. Great 1031 candidate. Call today to get more information about this fantastic opportunity.
    Exterior Features

    Construction Brick Foundation Pier & Beam Parking Or Garage Common Lot Parking Spaces 8 Pool On Property No Roof Composition Waterfront YN No

    Interior Features

    Flooring Ceramic TileWood Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Cable Tv AvailableHigh Speed Internet AvailableMultiple Staircases Kitchen Equipment DishwasherDisposalRange/Oven-ElectricRefrigerator Sq Ft Building 7346

    Property Features

    Building Area Source Tax Buildings 1 Complex Name Candlewick Apts. Construction Status Preowned Gross Annual Expenses 36572 Gross Annual Income 123261 HOA None Insurance Expense 3542 Municipal Utility District No Net Annual Income 86689 Occupancy Rate 91 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Proposed Financing CashConventional Tenancy Over 9 MonthsWritten Application Only Unexempt Taxes 16839 Unit Count 0 Utilities City SewerCity WaterMaster Gas MeterMaster Water Meter Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 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 Tenesha Lusk Realty Group | 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 Tenesha Lusk Realty Group | 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 2020-02-25T23:41:31.84.
     
    Tenesha Lusk Realty Group | Keller Williams
    3600 Preston Rd
    Plano TX, 75093
    Offered by Keith Auten of Auten Realty Llc.