Dallas, Texas- "Bishop Arts" 4plex For Sell.

[Stephen Salerno]

The Bishop Arts is a sub-market of Dallas, Texas that is currently experiencing lots of growth. The proximity to downtown Dallas and growth of the Bishop Arts Cultural area makes this property very desirable. Besides capturing cash flow, this property is currently zoned "Planned Development," this will allow for more options to exit the property down the line. 

Value: 8.16% CAP

Investor's Cost: $270k

Rehab Estimate: $90k

Estimated Gross Yearly Income: $39,672

Heated Square Footage: 2,688 square feet

2 Beds 1 Bath: 1 unit

1 Bed 1 Bath: 3 units

Bedrooms: 5

Bathrooms: 4

Construction: wood/siding

This is an amazing opportunity to purchase an 8% CAP in the heart of Bishop Arts. The plan is to fix and hold this 4-plex for the long term. This property is zoned as planned development which allows you many different exit strategies. There are two units on the first floor (both 1 bed 1 bath units) and two units on the second floor (1 bed 1 bath and 2 bed 1 bath). All units are occupied with month to month tenants. As soon as the property is sold, we will give the tenants a 30 day notice to vacate (unless you would like to keep the month to month tenants).

For more Information and showings contact Stephen Salerno 214-793-1246

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Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax
[email protected]