UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Old East Dallas
MLS Listing ID 20963553
HOA Y/N None
Total Fin. Sqft 14750
Year Built 1972
Lot Size 0.482 Acres
Acres 0.4821
Property Sub-Type Apartment
Property Description
The value lies in renovating the remaining units and getting all units to market. Additionally, there is currently no RUBS program which should be implemented to off set costs of the utilities. Lastly, there are two empty maintenance storage rooms on the 3rd floor that could be converted into
locker storage for additional income.
There is also an attractive Freddie Mac non-recourse loan that a buyer can potentially assume at an interest rate of 4.54, 30-year amortization, and a maturity date of January 2039. Or the property can be purchased free and clear of debt.
Location
State TX
County Dallas
Direction head east on Live Oak. Make a right on Grigsby. Left on Sycamore. Property is on the right hand side.
Interior
Interior Features Multiple Staircases, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Laminate
Appliance Electric Range, Refrigerator
Heat Source Central
Exterior
Fence Wood
Utilities Available City Sewer, City Water
Roof Type Shingle
Garage No
Building
Lot Description Interior Lot
Story Three Or More
Foundation Slab
Level or Stories Three Or More
Structure Type Stucco
Schools
Elementary Schools Chavez
Middle Schools Spence
High Schools North Dallas
School District Dallas Isd
Others
Ownership See Agent
Acceptable Financing 1031 Exchange, Assumable, Cash
Listing Terms 1031 Exchange, Assumable, Cash
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20963553
