Address
401 Betchan Street, Lake Dallas, TX
Price
$ 1,690,000
Property Attributes
  • MLS#20410956
  • TypeMulti-Family
  • CountyDENTON
  • CityLake Dallas
  • NeighborhoodWright
  • Zip75065
  • StyleMultiple Single Units
  • Year Built1960
  • Taxes$ 13305
  • Price$ 1,690,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size0.996 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Lake Dallas--8-Unit apartment building with room for growth! Currently rented out 100%! The ~1-acre lot has room for new units to be constructed if desired. The building contains two 2-bedroom and 6 1-bedroom units, some have updates, others don't (updates have been done over the past couple of years between tenants). Pictures include the interior of one of the units (this unit has some updates--pics taken while vacant). Covered parking (1 space per unit). Easy access to I-35E for commuters.

Elementary School
Lake Dallas Elementary School
Price History
8/27/2023 Listed $1,690,000

General Features

Heating Electric
Complex Name Oakwood Terrace
Cooling Electric
Utilities Asphalt,City Sewer,City Water
Possession Closing/Funding
Roof Asphalt,Flat
Appliances Electric Range,Refrigerator
School District Lake Dallas ISD
Capitalization Rate 2.64
Year Built 1960
Levels Two
Unexempt Taxes 13305
Will Subdivide No
Gross Annual Expenses 52600.00
Property SubType Multiple Single Units
Subdivision Name Wright
Insurance Expense 5000
Occupant Type Tenant
Carport Spaces 8
County Denton
Operating Expense Includes Gardener,Insurance,Maintenance,Professional Management,Trash,Water/Sewer,Other
Property Type Residential Income
Construction Materials Brick,Siding
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions In Lake Dallas,from S Lake Dallas Dr,head East on Betchan. Property is on the Left.
City Lake Dallas
Buyer Agent Compensation 2.5
Elementary School Name Lake Dallas
High School Lake Dallas
Street Name Betchan
Elementary School Lake Dallas
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20410956
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available,High Speed Internet Available
Flooring Carpet,Ceramic Tile,Luxury Vinyl Plank,Vinyl
Total Units 8
Unit Count 2
Full Baths 8
Lock Box Type See Remarks
Street Suffix Street
Total Bedrooms 10

Exterior Features

Lot Features Acreage
Parking Features Carport,Parking Lot
Covered Spaces 8
Foundation Slab
Lot Size Area 0.9960
Number Of Parking Spaces 14
Lot Size Units Acres
Building Area Total 6384.00
Lot Size Square Feet 43385.7600
Lot Size Acres 0.9960

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 75065

Price
AVG $1.69M
$1.69M
Taxes
AVG $13,305
$13,305
Visits
AVG 223
222
Data Provided by Inside Real Estate®
Year Built
AVG 1960
1960
Walkscore
AVG 64
64
Data Provided by Walkscore® not using MLS data

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