1601 Baxley Street

Carrollton, TX 75006

$2,400,000

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10,440
Building Square Feet

Description

This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.

Status
Active
MLS#
14084330
Subdivision
Baxley SFR
Price Per Sq Ft
$229.89

Ebby Halliday, REALTORS

(972) 980-6672

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PROSPERITY HOME MORTGAGE, LLC

(972) 665-1900

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Additional Details

General

County Dallas
Year Built 1952
Mud District No
Number of Units 12
Number of Buildings 12
Stories 1
Listing Type Multi Family
Foundation
Pier & Beam
Parking / Garage
Attached
Detached
Front
Garage
Individual Carport

Schools

Elementary / Primary Schools Carrollton
Middle / Junior High / Intermediate Schools Perry
High Schools Turner
School District Carrollton-Farmers Branch ISD

Financial

Gross Annual Income $206,304
Net Annual Income $148,223
Annual Insurance $5,400
Possession Closing / Funding

Homeowners Association (HOA)

HOA Not Mandatory

Interior

Exterior

Lot & Land

This listing 1601 Baxley Street, Carrollton, TX 75006 is a multi family listing with and approximately 10,440 square feet on a lot of 123,275 sqft (or 2.83 acres). 1601 Baxley Street was built in 1952. 1601 Baxley Street is located in Carrollton and in ZIP Code 75006. It has been listed on our site since 2019-05-06 21:24:29.

*Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.

The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

**Assumes 4.25% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Listing Agent:Logan Waller
Broker:Waller Group LLC
EHO Realtor

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