8 Beds
8 Baths
0.28 Acres Lot
8 Beds
8 Baths
0.28 Acres Lot
Open House
Sat Dec 13, 10:00am - 11:00am
Sat Dec 13, 12:00pm - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Buckner Terrace Apts 02
MLS Listing ID 21128152
Bedrooms 8
Full Baths 4
Half Baths 4
HOA Y/N None
Total Fin. Sqft 4084
Year Built 1983
Annual Tax Amount $11,185
Lot Size 0.278 Acres
Acres 0.278
Property Sub-Type Quadruplex
Property Description
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 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.
Location
State TX
County Dallas
Direction GPS Friendly
Interior
Interior Features Cable TV Available, Flat Screen Wiring, High Speed Internet Available
Heating Central
Cooling Central Air
Flooring Luxury Vinyl Plank
Fireplaces Number 4
Fireplaces Type Brick
Appliance Dishwasher, Disposal, Refrigerator
Heat Source Central
Exterior
Exterior Feature Covered Patio/Porch
Utilities Available Cable Available, City Sewer, City Water
Roof Type Composition
Garage No
Building
Lot Description Interior Lot
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Frank Guzick
Middle Schools H.W. Lang
High Schools Skyline
School District Dallas Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21128152
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