Located in the A.C. Ardreys area of Dallas Texas in Dallas County, this fully leased fourplex investment property offers approximately 4,200 square feet across four 1 bedroom, 1 bathroom units near Downtown Dallas, Deep Ellum, Baylor University Medical Center & US-75. The location provides convenient access to major employment centers,… Read More public transportation, dining, entertainment & urban amenities throughout central Dallas. Investors seeking multifamily properties in Dallas Texas with immediate cash flow may appreciate the property's 100% occupancy, established rental history & value-add potential through future rent adjustments. Each unit offers approximately 950 square feet, providing larger-than-average floor plans for the area that support tenant demand & retention. Extensive improvements include foundation stabilization with approximately 30 piers installed, beam replacement, renovated kitchens & updated bathrooms throughout all units. Interior features include granite countertops, natural woodwork, open floor plans, walk-in closets, gas ranges, gas ovens, dishwashers, disposals & microwaves. Additional improvements include a renovated & landscaped backyard that creates an inviting shared outdoor space for residents. Property financials include approximately $83,100 gross annual income, $73,100 net income & a reported 6.14% cap rate. The property is served by Zaragoza Elementary, Spence Middle School & North Dallas High School within Dallas ISD. This property offers a strong combination of immediate income, updated systems & positioning within the Dallas Texas multifamily investment market. Read Less
