Listing ID : 20853476
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Lot Size
0.4580 Acre -
Year
1972
Description
Sitting on almost half an acre in Grand Prairie, The Doreen Townhomes, represents a value add multi family opportunity. Current ownership has implemented a Section 8 tenant base strategy and is getting higher than market rents because of it. The value lies in renovating the last remaining unit and getting all units to maximum allowable rents. 5 of the units are 3-bedroom and 1.5 bath with the 6th being a 4- bedroom and 1.5 bath. All units are two stories and roughly 1375 square feet. Property is near major employers and Interstate 30.
Details
Type:
Multi-Family/Income Sale
Subdivision: Dalworth Hills Sub
County: Tarrant
HOA Name: Townhomes at Doreen
Tax ID: 00690945
Annual Taxes: $14,283
School District: Arlington ISD
Elementary: Crouch
High: Sam Houston
Cap Rate: 8.64%
Lot Features: Corner Lot
Days on Market: 1
Flooring: Luxury Vinyl Plank
Foundation: Slab
Heating: Central
Interior Features: Granite Counters
Number of Buildings: 1
Parking Spaces: 12
Property Type: Commercial Sale
Roof: Composition
Sub Type: Apartment
Utilities: City Sewer, City Water
