6 Beds
6,446 Sqft Lot
6 Beds
6,446 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Dallas Land & Loan Cos Add 03
MLS Listing ID 21209675
Bedrooms 6
HOA Y/N None
Total Fin. Sqft 2822
Year Built 1930
Annual Tax Amount $16,144
Lot Size 6,446 Sqft
Acres 0.148
Lot Dimensions 50x137
Property Sub-Type Apartment
Property Description
Fully remodeled in 2018 — new plumbing, electrical, roof, and tankless water heaters — the building is in solid mechanical condition with no deferred capital needs. Current rents are significantly below market, with pro forma gross rents representing substantial upside through lease normalization and active management.
The property also presents a compelling redevelopment opportunity under PD-830 zoning, which supports townhome-style condo development. New construction on the same block is actively selling in the $550-600K range per unit, additional nearby lots have recently transacted for development, and an ADU is grandfathered on the property. At $695,000 — $139K per unit — this is a rare Bishop Arts entry point where an investor can collect income today, grow rents toward market, or redevelop for premium returns on one of the neighborhood's last available infill lots.
Location
State TX
County Dallas
Direction From Dallas, Take I-35E headed south, Take Exit 425, Drive to E 10th St.
Interior
Interior Features High Speed Internet Available
Heating Electric
Cooling Electric
Flooring Laminate, Luxury Vinyl Plank
Appliance Dishwasher, Disposal, Refrigerator, Washer
Heat Source Electric
Exterior
Exterior Feature Lighting, Private Yard, Other
Fence Fenced, Wood
Utilities Available City Sewer, City Water
Roof Type Shingle
Garage No
Building
Lot Description Interior Lot
Story Two
Foundation Slab
Level or Stories Two
Structure Type Wood
Schools
Elementary Schools Reagan
Middle Schools Garcia
High Schools Adamson
School District Dallas Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21209675
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