428 N. Dallas Ave., Lancaster, TX 75146 - 20850721 - iPro Real Estate

428 N. Dallas Ave.
Lancaster, TX 75146

Active, Multi-Family/Income Sale

New Listing
For Sale

$1,200,000 $166.67 per sqft

Free Professional CMA

Listing ID : 20850721

  • Beds

    16
  • Baths

    8/0
  • Structure / Lot Size

    7,200 Sqft / 0.4270 Acre
  • Year

    1970

Description

Welcome to 428 N. Dallas Ave, a well-maintained 8-unit apartment complex located in historic downtown of Lancaster, Texas. Each unit features 2 bedrooms, 1 bath, and offers 925 sq. ft. approx. of comfortable living space. 7 of the 8 units have been completely renovated and currently, all eight units are leased, providing a steady income stream. Each unit is individually metered for electric. The property is located with convenient proximity and quick access to several major highways in the Dallas-Fort Worth metroplex. Interstate 35 which runs northbound into downtown Dallas and southbound into Waxahachie is only 4 miles east of 428 North Dallas. Interstate 20 is less than 10 minutes north of the property and connects many major roads within the city including Interstate 67, Highway 45, and Interstate 635. The proximity of these major highways allows residents to quickly and easily navigate Dallas and its surrounding suburbs.

Details

Type: Multi-Family/Income Sale 
Subdivision: Original Town Of Lancaster 
County: Dallas 
HOA Name: Winston Ridge 
Tax ID: 36000500340070000
Annual Taxes: $20,786
School District: Lancaster ISD
Elementary: West Main 
Middle: Lancaster 
High: Lancaster 
Cap Rate: 0.00% 
Days on Market: 1 
Flooring: Carpet, Luxury Vinyl Plank, Tile 
Foundation: Block 
Heating: Electric 
Interior Features: Cable TV Available, High Speed Internet Available 
Number of Buildings: 2 
Parking Spaces: 16 
Property Type: Commercial Sale 
Roof: Flat, Metal 
Sub Type: Apartment 
Utilities: City Sewer, City Water, Electricity Available 

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Interactive

32.595146 -96.756233 $1,200,000 20850721
428 N. Dallas Ave., Lancaster, TX 75146
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Listed by Robert Guy with Texas Premier Realty 210-844-8683

Based on information from the North Texas Real Estate Information Systems, Inc., 2/24/2025.