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9571 Gonzales Drive Dallas, TX 75227
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Park Independence
MLS Listing ID 20540907
Sold Date 03/22/24
Bedrooms 4
Full Baths 4
HOA Y/N None
Total Fin. Sqft 2518
Year Built 1982
Annual Tax Amount $7,028
Lot Size 3,310 Sqft
Acres 0.076
Property Description
9571 & 9575 Gonzales is a duplex that is currently fully occupied by long-term tenants. Unit 9575 is currently leased for $1350 per month on a month-to-month basis, while unit 9571 is leased for $1400 per month until August 2024. This presents a potential opportunity to increase the value of the property. The comparable rental prices suggest that rents of up to $1600 per unit are achievable with some renovations. After renovation, the property can be sold for $200k per unit. Both units are identical with 2 bedrooms and 2 bathrooms each, and mirror each other in layout. Unit 9575 has a larger yard because it is on the corner. A recent appraisal came in above list price, giving the new owner instant equity.
Location
State TX
County Dallas
Direction See GPS
Interior
Interior Features Cable TV Available, High Speed Internet Available, Open Floorplan
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Appliance Dishwasher, Disposal, Electric Range
Heat Source Central
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Parking Type Gated, Parking Pad
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools C A Tatum Jr
Middle Schools Ann Richards
High Schools Skyline
School District Dallas Isd
Others
Ownership SEE LISTING AGENT
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
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Bought with Jodi Fuller • Caple & Company
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