2460 Doreen St - Apartments FOR SALE
Grand Prairie, TX 75050 |
$1,465,000 USD
972-636-5241
2460 Doreen St
Grand Prairie, TX 75050
HIGHLIGHTS
- Large townhome-style floor plans with private patios, uncommon at this unit count
- High in-place cap rate of 7.97% with proven rents minimizing lease-up risk
- ~$25,000/unit invested since 2023: new roof, HVAC, and renovations across 7 of 8 units
- One unrenovated unit offers a clear, low-risk path to additional rent premium
- 100% occupied as of underwriting — immediate, stabilized in-place cash flow
- Median household income of approximately $60,000 within a 5-mile radius
FOR SALE DETAILS
PRICE
$1,465,000 USD
PRICE/SF
$150 USD /SF
# OF UNITS
8
PRICE/UNIT
$183,125
CAP RATE
7.97%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1976
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
20,778 SF
ZONING
-
APN/PARCEL ID
00690740
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972-636-5241
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972-636-5241
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