327 Se 3rd Street, Grand Prairie, Texas 75051

$1,520,000
List Price
$1,520,000
Price Change
▼ $79,000 1550807346
MLS#
13935697
Status
ACTIVE OPTION CONTRACT
Type
Multifamily
Year Built
1984
Construction Status
Preowned
Acres
0.87
County
Dallas
Area
GRAND PRAIRIE (273)
City
Grand Prairie
Subdivision
Milton Square
Building Name
Mountain Valley

Property Description

Perfect opportunity for a money maker, 14 Units, 100% leased. Since 2016 Owner has had complete foundation redone, plumbing replaced, sump pump installed, gutters, new windows throughout, new HVAC throughout, new appliances, complete remodel. 2017 Seller installed outside security cameras, 2 units have been occupied long term and have had new windows, HVAC, appliances updated.

Additional Information

Unexempt Taxes
$18,261
HOA
No HOA
Annual Insurance
9996
Gross Annual Expenses
4513
Gross Annual Income
171600
Lot Size
37,984
Acres
0.87
Lot Description
Some Trees, Subdivision
Subdivided
No
Interior Features
High Speed Internet Available, Vaulted Ceilings
Flooring
Carpet, Ceramic Tile, Laminate
Foundation
Slab
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Elec
Exterior
Covered Porch(es), Storage Building
Construction Material
Brick, Common Wall, Wood
Parking Garage
Area Assigned, Open
Total Num Parking
28
School District
Grand Prairie Isd
Elementary School
Bowie
Middle School
Lee
High School
Grandprair
Building Sq. Ft.
14460
Number of bldgs.
2
Number of units
14
Occupancy Rate
100
Tenancy
No Smoking, No Sublease, No Waterbeds, Over 9 Months, Pet Restrictions
Possession
Closing/Funding
Cap Rate
7.67

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Briggs Freeman Sotheby's Int'l.