4300 Congress Avenue, Dallas, Texas 75219

$4,595,000
List Price
$4,595,000
Price Change
▼ $200,000 1556145072
MLS#
13995619
Status
ACTIVE
Type
Multifamily
Year Built
1968
Construction Status
Preowned
Acres
0.72
County
Dallas
Area
DALLAS OAK LAWN (17)
City
Dallas
Subdivision
Clifton Place 01
Building Name
The Douglas

Property Description

The Douglas is a 32-unit, boutique apartment community located in the heart of Oak Lawn. Property received a first class renovation in 2017 whereby all units have been renovated. Interior upgrades included wood flooring, W D connections, new counter tops, new bathrooms, new kitchens, and separate HVAC. The property sits on half of an acre that has been landscaped and irrigated featuring small and very large outdoor patios. Located off Cedar Springs, the Douglas is surrounded by an abundance of Class A developments making this an attractive rental option to prospective tenants.

Additional Information

Unexempt Taxes
$55,954
HOA
No HOA
Annual Insurance
12951
Gross Annual Expenses
177495
Gross Annual Income
435156
Lot Size
31,493
Acres
0.72
Subdivided
No
Interior Features
Other
Foundation
Slab
Roof
Other
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Gas
Construction Material
Brick
Parking Garage
Unassigned Spaces
Total Num Parking
32
School District
Dallas Isd
Elementary School
Houston
Middle School
Rusk
High School
North Dallas
Building Sq. Ft.
19678
Number of bldgs.
1
Number of units
32
Possession
Closing/Funding
Cap Rate
5.61

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 Perry Guest Company.