5007 Ivy Ln - Churches FOR SALE


Dallas, TX 75241- Highland Hills
$989,000 USD
213-769-3433
5007 Ivy Ln, Dallas, TX for Sale
$989,000 USD
Churches - FOR SALE
1/47
null | Request Cap Rate

5007 Ivy Ln
Dallas, TX 75241
Highland Hills


HIGHLIGHTS

  • $989,000 religious / multi-use bldg and additional lot - Negotiable for cash offers!
  • Suggested uses: Funeral home, Private School, Day Care, Churches etc.
  • Two blocks from Ledbetter Drive and only 4 minutes from I-45.
  • Original sanctuary and other areas have been renovated building.

OVERVIEW

Prime Income Opportunity: High-Yield Asset with 1%+ Rent-to-Price Ratio Secure a high-performance addition to your portfolio with this rare, turnkey income producer that defies current market yields. This property isn't just a versatile facility; it is a stabilized asset delivering a gross monthly rental income exceeding 1% of the list price—offering the kind of immediate cash flow and debt-coverage ratios that seasoned investors typically only find in distressed sales. With Owner Financing available (minimum $700k down), this is a strategic play for the investor looking to leverage favorable terms while capturing superior returns in the Dallas market. Asset Overview & Value-Add Features This meticulously maintained multi-purpose facility serves as a premier worship center, yet its footprint is optimized for high-demand commercial uses including daycare operations, private academies, event venues, or specialized community facilities. Strategic Configuration: Two expansive auditoriums with independent egress/ingress points allow for dual-tenancy or multi-functional programming. Turnkey Infrastructure: Includes comprehensive classroom suites, administrative offices, a full kitchen, and a small fellowship hall. Recent Capital Improvements: * Roof: Full replacement (2022) HVAC: Three new high-efficiency units (2024) Interior: Fresh paint, updated flooring, modernized lighting, and electrical upgrades in the secondary auditorium. Accessibility: Fully ADA-compliant restrooms and parking facilities ensure zero-barrier entry for all occupants. Expansion Potential The sale includes the adjacent lot (MLS #21080044) at 2635 56th Street, Dallas, TX, providing critical overflow parking or the potential for future ground-up development to further increase the site's density and yield. Investor Note: This property combines the stability of a seasoned tenant with the long-term appreciation of the Dallas metroplex. Rare owner-carry terms make this an ideal 1031 exchange candidate or a high-yield anchor for a private fund. Contact our team today at 1-833-274-6706 (Option 1 - Daniel) for further questions and schedule a private acquisition tour

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi Use Facility

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall, Public Library, Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-5

APN/PARCEL ID

00000635188000000

ASK ABOUT THIS PROPERTY

Daniel ResendezCrimson House Realty Group Powered by Peak ResultsMore Info
213-769-3433

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Daniel ResendezCrimson House Realty Group Powered by Peak ResultsMore Info
213-769-3433

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