Price Reduction
Address
3209 Norwalk Avenue, Dallas, TX
Price
$ 875,000
Property Attributes
  • MLS#20434816
  • TypeMulti-Family
  • CountyDALLAS
  • CityDallas
  • NeighborhoodMarshall Terrace
  • Zip75220
  • StyleApartment
  • Year Built1982
  • Taxes$ 14877
  • Price$ 875,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size7,928 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

VALUE ADD OPPORTUNITY! Apartment complex for sale in a very desirable area in Dallas primed for growth. The complex has 8 total units, 4 on the first floor and 4 on the second floor. Fully leased at $975 each and all are on month-to-month leases. Owner pays water, trash, and exterior lights. Tenants are responsible for the interior lights and all other utilities. With exterior improvements, rent could easily be pushed to $1,025 per month based on neighboring comps. All leases, 2022 and 2023 financials, and utility bills are available in transaction desk.

Elementary School
Foster Elementary School
Price History
9/19/2023 Listed $999,900
10/12/2023 6% - $949,900
11/2/2023 6% - $900,000
12/8/2023 1% - $899,900
4/3/2024 3% - $875,000

General Features

Heating Central,Electric
Complex Name TBD
Cooling Ceiling Fan(s),Central Air,Electric
Utilities Cable Available,City Sewer,City Water
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Disposal,Electric Cooktop,Electric Oven,Electric Range
School District Dallas ISD
Capitalization Rate 0.00
Year Built 1982
Levels Two
Unexempt Taxes 14877
Will Subdivide No
Gross Annual Expenses 0.00
Property SubType Apartment
Subdivision Name Marshall Terrace
Occupant Type Tenant
County Dallas
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions GPS.
City Dallas
Buyer Agent Compensation 2.5
Elementary School Name Foster
High School Jefferson
Street Name Norwalk
Elementary School Foster
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20434816
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available,High Speed Internet Available
Flooring Other
Total Units 8
Unit Count 1
Full Baths 8
Lock Box Type Combo
Street Suffix Avenue
Total Bedrooms 8

Exterior Features

Parking Features Assigned,Common
Foundation Slab
Lot Size Area 0.1820
Number Of Parking Spaces 8
Lot Size Units Acres
Building Area Total 2568.00
Lot Size Square Feet 7927.9200
Lot Size Acres 0.1820

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 75220

Price
AVG $880K
$880K
Taxes
AVG $14,877
$14,877
Visits
AVG 241
240
Data Provided by Inside Real Estate®
Year Built
AVG 1982
1982
Walkscore
AVG 73
73
Data Provided by Walkscore® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.