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Quadruplex - Dallas, TX
Showing window Saturday December 13th from 10 AM to 11 AM. Final and best offers due Monday at 12 PM.
Well maintained quadplex in a strong rental pocket offering instant equity and clear upside for the next owner. All four units, 51, 53, 55 and 57, feature a two story layout with a living room, fireplace, wet bar, kitchen, dining area, half bath and laundry connections on the first level. Upstairs includes two bedrooms and a full bathroom. Interiors have updated paint and wood style vinyl plank flooring that holds up well to tenant traffic.
This property sits within a federally designated Opportunity Zone which offers a strategic long term tax advantage. Each unit is individually metered and tenants pay all their own utilities. There is no HOA and no shared dumpster cost which keeps operating expenses very low. The location continues to attract reliable renter demand with convenient access...
This property sits within a federally designated Opportunity Zone which offers a strategic long term tax advantage. Each unit is individually metered and tenants pay all their own utilities. There is no HOA and no shared dumpster cost which keeps operating expenses very low. The location continues to attract reliable renter demand with convenient access to major commuting routes and area employment.
Unit 55 is currently leased at 1300 per month. Market rents support 1300 to 1400 per month which provides immediate room for income growth as the remaining units are leased and stabilized. The property is clean and ready for the next owner to step in, finish leasing, and allow the equity and cash flow to follow. A straightforward value add opportunity with strong fundamentals and minimal heavy lifting.
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