INVESTOR OPPORTUNITY – FULLY OCCUPIED TRIPLEX WITH IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE! Built in 2004 and located in Dallas' renter-driven 75235 corridor, this full triplex includes three income-producing units – 1414A, 1414B and 1416 Record Crossing – all currently leased and generating a combined $4,585 per month, or $55,020… Read More in scheduled gross annual rent. The newer construction is an added advantage for investors looking to avoid some of the challenges often associated with older multifamily properties.
The numbers make this location particularly attractive for a buy-and-hold investor. Approximately 75% of occupied households in 75235 are renter-occupied, while roughly 90% of the area's housing units are occupied. Current rents range from $1,495 to $1,595 per unit, providing established income from day one with potential opportunity for future rent growth as leases turn and market conditions allow. Current market data places median rent in 75235 around $1,663 per month, giving investors another reason to evaluate the property's future income potential.
The long-term story may be even more compelling. Record Crossing sits in Dallas' major medical and employment corridor, near UT Southwestern Medical Center, Parkland Memorial Hospital and Children's Medical Center, with convenient access to Love Field, Downtown Dallas and major highways. This concentration of healthcare, employment and transportation infrastructure provides a strong economic anchor for the surrounding rental market.
Three units. Three existing tenants. $55,020 in scheduled gross annual rent. For investors looking for immediate income, diversified rent across multiple units and long-term appreciation potential in a heavily renter-occupied Dallas submarket, 1414 Record Crossing deserves a closer look.
Click the Virtual Tour link to view the 3D walkthrough. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home. Read Less
Courtesy of Orchard Brokerage, Riann Emch.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Triplex
Beds
9
Full Baths
6
Lot Size
0.22 Acres
Year Built
2004
MLS Number
21395111
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave
Building
Built in 2004, Year Built Details: Preowned, 1 building, Levels: One, Construction Materials: Rock, Stone
Community
Curbs, Sidewalks
Cooling
CentralAir
Expenses
Insurance: $2,700
Exterior Features
Lighting, RainGutters
Floors
Carpet, CeramicTile, Terrazzo
Foundation
Slab
Heating
Central
Income
Gross Income: $55,020, Net Operating Income: $38,664
