Price Reduction
Address
401 N Polk Street, Dallas, TX
Price
$ 574,000
Property Attributes
  • MLS#20404763
  • TypeMulti-Family
  • CountyDALLAS
  • CityDallas
  • NeighborhoodGeorge J Bryans Rev
  • Zip75208
  • StyleDuplex
  • Year Built1923
  • Taxes$ 11303
  • Price$ 574,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size0.117 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

This airbnb home has been updated to modern standards that allows it to be a cash cow on airbnb. Since 2020 this home has brought in $291,000 in revenue. It can be sold as is to keep the listing and airbnb going or it can be put back on the market as a two separate unit rental. Either way the home is in a high demand area and has had all the heavy lifting items taken care of such as the flooring, many electrical and plumbing upgrades. There is a private entrance to the upstairs if you want to split the leases. The owner upgraded the home in many ways but the one thing that really makes this property succeed is the location. It is only minutes away from the fastest growing area in Dallas right now. Bishop Arts is pulling in all sorts of people that are willing to pay a high rent to be close to the action. Here is your chance to get into a Muti family in this hot area for a competitive price. Look up house hacking and you will see this home is perfect for that strategy.

Elementary School
Rosemont Elementary School
Price History
8/10/2023 Listed $620,000
9/11/2023 4% - $599,000
10/31/2023 1% - $594,000
4/30/2024 4% - $574,000

General Features

Heating Central,Natural Gas
Complex Name N/A
Cooling Ceiling Fan(s),Central Air,Electric
Utilities City Sewer,City Water
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Gas Cooktop,Gas Oven
School District Dallas ISD
Capitalization Rate 14.04
Year Built 1923
Levels Two
Unexempt Taxes 11303
Will Subdivide No
Gross Annual Expenses 8400.00
Property SubType Duplex
Subdivision Name George J Bryans Rev
Insurance Expense 2000
Occupant Type Tenant
Occupant Name airbnb
County Dallas
Property Type Residential Income
Construction Materials Frame
Year Built Details Preowned
HOA Type None
# of Buildings 2
Status Active
Directions From Davis drive South on Polk and it is on the West side of the street.
City Dallas
Buyer Agent Compensation 3%
Elementary School Name Rosemont
High School Sunset
Street Name Polk
Elementary School Rosemont
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20404763
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Flat Screen Wiring,Granite Counters,High Speed Internet Available,Pantry
Flooring Wood
Occupancy Rate 100
Total Units 2
Unit Count 2
Full Baths 3
Lock Box Type Combo
Street Suffix Street
Total Bedrooms 5

Exterior Features

Fencing Back Yard,Fenced,Gate,Wood
Parking Features Concrete
Lot Size Less Than .5 Acre (not Zero)
Foundation Pillar/Post/Pier
Lot Size Area 0.1170
Number Of Parking Spaces 6
Lot Size Units Acres
Building Area Total 2352.00
Lot Size Square Feet 5096.5200
Lot Size Acres 0.1170

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 75208

Price
AVG $620K
$570K
Taxes
AVG $9,742
$11,303
Visits
AVG 190
367
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1923
Walkscore
AVG 92
91
Data Provided by Walkscore® not using MLS data

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