2401-2411 Doreen St - Apartments FOR SALE


Grand Prairie, TX 75050
$1,200,000 USD
469-554-0430
2401-2411 Doreen St, Grand Prairie, TX for Sale
$1,200,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

2401-2411 Doreen St
Grand Prairie, TX 75050


OVERVIEW

Sitting on almost half an acre in Grand Prairie, The Doreen Townhomes, represents a value add multi family opportunity. Current ownership has implemented a Section 8 tenant base strategy and is getting higher than market rents because of it. The value lies in renovating the last remaining unit and getting all units to maximum allowable rents. 4 of the units are 3-bedroom and 1.5 bath with the 5thand 6th being 4- bedrooms. All units are two stories and roughly 1375 square feet. Property is near major employers and Interstate 30.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

00690945

ASK ABOUT THIS PROPERTY

Matteo FaethDallas Property AdvisorsMore Info
469-554-0430

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Matteo FaethDallas Property AdvisorsMore Info
469-554-0430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.