Diane Smith - Coldwell Banker Apex Realtors
1600 Baxley St
Carrollton, TX 75006

Description

This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.

Details

MLS#13833411
Sub-TypeResale
StatusActive
Year1952
Days On Site141

Features

SQ Feet10,440
Units12
Building(s)12

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Area Information

StateTX
CountyDallas
CityCarrollton
Zip Code75006
AreaCARROLLTON/FARMERS BRANCH AREA (22)
Listing VS Median (in 75006)
Price:
$2,400,000
low | high
Med:
$223,000
100% of Average
SqFt:
10,440
low | high
Med:
1,548
100% of Average
$ / SqFt:
$230
low | high
Med:
$144
87.335271317829% of Average
On Site:
141
low | high
Med:
50
100% of Average
Listing Updated: 09/19/2018
MLS Number: 13833411
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.