4023 N Hall Street Unit 01-08, Dallas, Texas 75219

$1,400,000
10
BD
List Price
$1,400,000
MLS#
14210344
Status
PENDING
Type
Multifamily
Year Built
1973
Construction Status
Preowned
Bedrooms
10
Full Baths
10
Acres
0.22
County
Dallas
Area
DALLAS OAK LAWN (17)
City
Dallas
Subdivision
Forty Twenty-Three Hall Condo
Building Name
Oak Lawn Airbnb Cond

Property Description

This 8-unit multifamily property located in the heart of Oak Lawn is a stabilized investment in a strong Dallas submarket. Built in 1973, the property is currently operating at an NOI of $101,332 at an actual cap of 7.24%. 7 units are fully furnished Airbnb rentals ranging from $1,600 a month - $2,500 a month, while the other unit is a non-furnished, yearly rental currently rented at $1,100 a month (643 sf). Average asking rents in the submarket are around $2,030 a month. Z Property Management currently manages the property at a 5% fee and are willing to stay on the property for up to 6 months after sale at the same rate.

Additional Information

HOA
No HOA
Amenities
Fireplace
Annual Insurance
6445
Gross Annual Expenses
59468
Gross Annual Income
192000
Lot Size
9,496
Acres
0.22
Subdivided
Subdivided
Interior Features
Cable TV Available, Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Other, Skylights, Vaulted Ceilings, Wainscoting, Window Coverings
Flooring
Ceramic Tile, Wood
Foundation
Slab
Roof
Composition
Stories
3
Fireplaces
5
Fireplace Type
Gas Starter
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Elec
Construction Material
Metal, Siding, Wood
Parking Garage
Area Assigned, Open, Rear, Uncovered
Total Num Parking
12
School District
Dallas Isd
Elementary School
Esperanza Medrano
Middle School
Rusk
High School
North Dallas
Building Sq. Ft.
6198
Number of bldgs.
1
Number of units
8
Possession
Closing/Funding
Cap Rate
7.24

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 Waller Group LLC.