Listing ID: 20201165
Price: $6,500,000
Address: 1505 S Akard Street 101
Unit Number: 101
City: Dallas
State: Texas
Postal Code: 75215
Acres: 0.534
County: Dallas
Dallas
TX
75215
Class A. 19 Units total. Contemporary Townhomes. Located in an Opportunity Zone. Each unit has an attached full size 2 car garage. Unit sizes range from 1500-2300 square feet. Stainless steel appliances included. 80% rented. Property Managed. Breathtaking unobstructed views of Downtown Dallas and Fair Park. Easy access to Interstate 30. Multiple exit strategies for the Buyer, Airbnb friendly as opposed to only traditional leasing. Rents are currently below market value serving as a value add. 1031 Exchanges welcome

Primary Features

County: Dallas
Property Sub Type: Multi Family
Property Type: Residential Income
Subdivision: South Blvd Park
Year Built: 2022

Interior

Appliances: Dishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Range, Microwave, Plumbed For Gas in Kitchen, Refrigerator
Basement: no
Cooling: Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Zoned
Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank
Heating: Central, Electric, ENERGY STAR Qualified Equipment, Zoned
Interior Features: Built-in Features, Cable TV Available, Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Walk-In Closet(s), Wired for Data
Levels: Three Or More

External

Attached Garage: yes
Construction Materials: Cedar, Stucco
Exterior Features: Balcony, Rain Gutters, Lighting, Private Entrance
Fencing: Fenced, Gate
Foundation Details: Slab
Garage: yes
Garage Spaces: 2
Lot Features: Corner Lot
Lot Size Area: 0.534
Lot Size Square Feet: 23261.04
Lot Size Units: Acres
Number Of Buildings: 6
Number Of Parking Spaces: 2
Number Of Units Total: 19
Parking Features: 2-Car Single Doors, Assigned, Direct Access, Drive Through, Driveway, Electric Gate, Garage, Garage Door Opener, Garage Faces Front, Gated, Inside Entrance, Lighted, Secured
Patio And Porch Features: Covered, Roof Top Deck/Patio
Pool: no
Roof: Composition
Utilities: Cable Available, City Sewer, City Water, Concrete, Electricity Available, Electricity Connected, Individual Gas Meter, Individual Water Meter, Phone Available, Private Road, Sewer Available, Sidewalk

Location

Association Type: None
Building Area Source: Public Records
Building Area Total: 2465
Community Features: Curbs, Gated, Perimeter Fencing, Sidewalks
Country: United States
Directions: Refer to GPS
Elementary School: Dunbar
Elementary School Name: Dunbar
High School Name: Madison
Middle School Name: Dade
School District: Dallas ISD

Additional

Accessibility Features: no
Complex Name: AG
Dual Variable Compensation: no
Green Energy Efficient: 12 inch+ Attic Insulation
Municipal Utility District: no
Property Match: Address
Second Mortgage: no
Smart Home Features: no
Status: Pending
US Property MUI: 413844484
Will Subdivide: No
Year Built Details: New Construction - Complete

Financial

Capitalization Rate: 11.32
Current Price/Lot Size: 12172284.64419
Exclusions: Tenant furniture and art. Staged furniture
Gross Annual Expenses: 50284
Gross Annual Income: 787429
Listing Terms: 1031 Exchange, Cash, Conventional
Net Operation Income: 736023
Operating Expense Includes: Legal
Possession: Closing/Funding
Tax Block: 909
Tax Lot: 2A
Unexempt Taxes: 11607

Zoning Info


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#IDX-primaryPhoto,#idx-details-header Listed by: Benaisha Poole-Watson from Exp Realty, Llc 888-519-7431

Contact - Listing ID 20201165

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Rhine Realty

101 E Main Street
Decatur, TX 76234
Phone: 9406269770
Phone Alt: 9406269770

Data services provided by IDX Broker
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