4020 Rawlins, Dallas, Texas 75219

$1,985,000
List Price
$1,985,000
MLS#
14226250
Status
ACTIVE
Type
Multifamily
Year Built
1963
Construction Status
Preowned
Acres
0.35
County
Dallas
Area
DALLAS OAK LAWN (17)
City
Dallas
Subdivision
Bowser & Lemmons Oak Lawn
Building Name
N/A

Property Description

Located on one of the most coveted streets in Oak Lawn – 4020 Rawlins – represents one of the last true remaining value add properties left. Sitting on 15,000 feet of land the property features 12 large and spacious units averaging over 800 square feet. The building has a majority of 2 bedroom 2 bath units with the remaining units being 1 bedrooms. The property has been converted into condominiums whereby you can sell each unit individually or keep them as a package for a long term hold. Recent condo sales have confirmed prices of over 275K a door in the area. Increase the rents 2X by implementing a renovation program to upgrade units.

Additional Information

HOA
No HOA
Annual Insurance
109038
Gross Annual Expenses
101045
Gross Annual Income
210083
Lot Size
15,246
Acres
0.35
Lot Description
Interior Lot
Subdivided
No
Interior Features
Other
Flooring
Carpet
Foundation
Pier & Beam
Roof
Tar/Gravel
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Gas
Construction Material
Brick
Parking Garage
Front, Rear
Total Num Parking
18
School District
Dallas Isd
Elementary School
Esperanza Medrano
Middle School
Rusk
High School
North Dallas
Building Sq. Ft.
9800
Number of bldgs.
1
Number of units
12
Occupancy Rate
100
Possession
Closing/Funding
Cap Rate
0.45

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 Perry Guest Company.