1505 S Akard Street Unit 101, Dallas, Texas 75215

$6,500,000
List Price
$6,500,000
MLS#
20201165
Status
ACTIVE
Type
Multifamily
Year Built
2022
Construction Status
New Construction - Complete
Acres
0.53
County
Dallas
City
Dallas
Subdivision
South Blvd Park
Building Name
AG

Property Description

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

Additional Information

Unexempt Taxes
$11,607
HOA
No HOA
Total Annual Expenses
Legal
Gross Annual Expenses
50284
Gross Annual Income
787429
Lot Size
23,261
Acres
0.53
Lot Description
Corner Lot
Subdivided
No
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
Flooring
Carpet, Ceramic Tile, Luxury Vinyl Plank
Foundation
Slab
Roof
Composition
Street 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
Heating Cooling
Central, Electric, ENERGY STAR Qualified Equipment, Zoned
Exterior
Balcony, Rain Gutters, Lighting, Private Entrance
Construction Material
Cedar, Stucco
Garage Spaces
2
Parking Garage
2-Car Single Doors, Assigned, Direct Access, Drive Through, Driveway, Electric Gate, Garage, Garage Door Opener, Garage Faces Front, Gated, Inside Entrance, Lighted, Secured
Total Num Parking
2
School District
Dallas Isd
Elementary School
Dunbar
Middle School
Dade
High School
Madison
Possession
Closing/Funding
Building Sq. Ft.
2465
Number of bldgs.
6
Number of units
19
Possession
Closing/Funding
Cap Rate
11.32
Community Features
Curbs, Gated, Perimeter Fencing, Sidewalks

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Benaisha Poole-Watson from eXp Realty, LLC. Contact: 888-519-7431