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8007 Rothington Road W #11-17 Dallas, TX 75227
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $123
Subdivision Buckner Terrace Apts #2
MLS Listing ID 14671854
Sold Date 01/11/22
HOA Y/N None
Total Fin. Sqft 4400
Year Built 1983
Lot Size 1.000 Acres
Acres 1.0
Property Description
Over 7.61 CAP rate at $545,000 offering price. Beautifully renovated and upgraded FOUR PLEX, this 4 unit market-rate property in SouthEast Dallas is currently operating at an NOI of $40,580 at an 7.45% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1100 unit, while the average market rate is $1200 unit. Increasing rents to this rate will realize an additional $4,800 in annual rent revenue. In 2019, this property was completely updated with cosmetic features inside and out. Interior units renovated from 2018- 2019.
Location
State TX
County Dallas
Direction Head north on Rothington Rd Turn right Destination will be on the right
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile
Fireplaces Number 4
Fireplaces Type Brick
Appliance Dishwasher, Electric Range, Plumbed for Ice Maker, Refrigerator
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Parking Type Carport
Total Parking Spaces 9
Garage No
Building
Story Two
Foundation Slab
Structure Type Brick
Schools
Elementary Schools Rowe
Middle Schools Hood
High Schools Skyline
School District Dallas Isd
Others
Ownership DALLAS RE HOLDINGS LLC
Acceptable Financing Cash, Conventional, FHA, Owner Carry Second, Owner Will Carry, VA Loan
Listing Terms Cash, Conventional, FHA, Owner Carry Second, Owner Will Carry, VA Loan
Financing Conventional
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Bought with Donny Scott • Keller Williams Realty
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