Nine doors, fully leased, and dues that stay out of the way. Park Town is nine individually deeded condominiums offered as a single portfolio, one hundred percent occupied, producing $83,700 in gross scheduled income and net operating income of approximately $29,759 — a 6.2% return at list price, based on… Read More 2026 scheduled rents and 2026 assessed values. The dues are the reason. At $105 to $129 per unit per month, Park Town's assessments are a fraction of what condominium ownership usually costs. At list the portfolio prices near $83 per square foot — below every individual unit sale recorded in this community over the past eighteen months, which closed between $85.01 and $115.92 per foot. That is $52,778 a door against individual sales of $55,000, $57,000, $65,000 and $75,000.
Nine separate deeds mean nine separate exits: hold the portfolio for income, finance in tranches, or release units to the retail market one at a time as leases roll. Two miles to NorthPark Center, three to SMU, and walking distance to the White Rock Creek Greenbelt and its miles of trails, with Central Expressway minutes away.
Fourteen additional units at Copperrun, same street, available separately at $875,000 MLS #21376620— or take all 23 units for $1,300,000, a $50,000 savings, on simultaneous close. Rent roll, 2025 expense detail, association budget and closed comparables upon executed confidentiality agreement. Buyer to verify all income and expense figures, dues, rental policies, association unit count and assessments. Do not disturb tenants; showings by appointment through listing agent. Read Less
Courtesy of League Real Estate, Deborah Byrd.
Listing Snapshot
Days Online
4
Last Updated
Beds
9
Full Baths
9
Lot Size
0.92 Acres
Year Built
1983
MLS Number
21383596
Additional Details
Appliances & Equipment
ElectricRange
Building
Built in 1983, Year Built Details: Preowned, 2 buildings, Levels: Two, Construction Materials: AluminumSiding, Brick
Cooling
CentralAir, Electric
Floors
Carpet, Laminate
Foundation
Slab
Heating
Central, Electric
Home Owner's Association
Association Fee: $118, Fee Frequency: Monthly, Fee Includes: MaintenanceGrounds
Income
Gross Income: $83,700, Net Operating Income: $32,872
