1600 Baxley Street, Carrollton, Texas 75006

$2,400,000
List Price
$2,400,000
MLS#
13833411
Status
ACTIVE
Type
Multifamily
Year Built
1952
Construction Status
Preowned
County
Dallas
Area
CARROLLTON/FARMERS BRANCH AREA (22)
City
Carrollton
Subdivision
Baxley Sfr
Building Name
Baxley Sfr

Property Description

This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.

Additional Information

Unexempt Taxes
$4,197
HOA
No HOA
Annual Insurance
5400
Gross Annual Expenses
58081
Gross Annual Income
206304
Lot Size
123,274
Acres
2.83
Subdivided
No
Interior Features
Other
Foundation
Pier & Beam
Roof
Composition
Stories
1
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Elec, Other, Window Unit
Construction Material
Frame/Brick Trim, Siding, Wood
Parking Garage
Attached, Detached, Front, Garage, Individual Carport
Total Num Parking
24
School District
Carrollton-Farmers Branch Isd
Elementary School
Carrollton
Middle School
Perry
High School
Turner
Building Sq. Ft.
10440
Number of bldgs.
12
Number of units
12
Possession
Closing/Funding
Cap Rate
6.18

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Waller Group LLC.