$2,550,000

435 W 9th Street

18 Beds 16 Baths 3,040 Sq.Ft. 5,270.76 Sq.Ft.

Description

16-unit condominium portfolio, one block from Bishop Arts. 15 of 16 units leased on 12-24 month terms with zero month-to-month exposure. $244,800 gross scheduled income at full stabilization. 6.9% cap rate at asking price of $2,750,000.
Individually metered utilities. Tankless water heaters throughout. Full renovation complete with no deferred maintenance, and no capital requirements at closing.
OM available in the transaction desk.
This is for 435 and 439 W 9th St.

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Location

435 W 9th Street, Dallas, TX 75208

Status

For Sale

Property Amenities

Interior

Appliances Dishwasher, Electric Oven, Refrigerator

Flooring Laminate

Total Bedrooms: 18

Full Bathrooms: 16

Other Interior Features Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Multiple Staircases, Open Floorplan, Walk-In Closet(s)

Area & Lot

Total area 3,040 Sq.Ft.

Lot Area 5,270.76 Sq.Ft.

Living area 3,040 Sq.Ft.

MLS® ID 21318003

Year Built 1925

School District Dallas ISD

High School Adamson

Middle School Garcia

Elementary School Reagan

Type Condo

Status For Sale

Exterior

Stories 2

Pool None

Air conditioning Other

Heat type Other

Water Source Public

Sewer Public Sewer

Parking Common, No Garage, Paved, Parking Lot, Parking Pad, On Street

Lot Features Corner Lot

Roof Composition, Shingle

Utilities Natural Gas Available, Sewer Available, Separate Meters, Water Available

Finance

Sales Price $2,550,000

Real Estate Tax $15,749 yearly

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$2,550,000