Residential Duplex Property Portfolio:
5 Duplexes in Dallas, TX, 100% Leased
The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified all the information and make no guarantees in this regard. The presentation of this property is made subject to errors, omissions, changes in price, prior lease or sale. It is your responsibility to confirm the accuracy of all information. The value of this investment transaction depends on other factors which should be evaluated by your tax, financial, and legal advisors.
| EXECUTIVE SUMMARY | |
| Property: | 5 fully leased Residential Duplex Properties |
| Location: | Dallas, Texas |
| Asking Price: | $875,000 Cash |
| Annual Income: | $99,600 |
| Net Operating Income: | $68,867 |
| Cap Rate: | 7.87% |
| Occupancy: | 100% |
| Year of Construction: | 1985 |
| 5 Duplexes, 100% Leased, Dallas, TX 75227, $875,000 | ||||||
| ADDRESS | Lomax Dr. | Lomax Dr. | Lomax Dr. | Berridge Dr. | Berridge Dr. | TOTALS |
| Monthly Rent | $825 & $825 | $825 & $850 | $825 & $825 | $850 & $825 | $800 & $850 | $99,600 |
| Taxes | $3,931 | $3,663 | $3,998 | $3,804 | $4,583 | $10,754 |
| Insurance | $2,248 | $2,248 | $2,150 | $2,078 | $2,030 | $19,979 |
| Total Annual Income | Total Expenses | Net Operating Income | Price | CAP Rate | Price per sf | |
| $99,600 | $30,733 | $68,867 | $875,000 | 7.87% | $68.89 | |
| Housing Type | Duplex | Duplex | Duplex | Duplex | Duplex | |
| Style of House | Traditional | Traditional | Traditional | Traditional | Traditional | |
| Approx Sq Footage | 1250/1250 | 1250/1250 | 1250/1250 | 1250/1250 | 1350/1350 | Total 12,700 sf |
| Rooms | 2 beds/ 2 baths |
3 beds/ 2 baths |
2 beds/ 2 baths |
3 beds/ 2 baths |
3 beds/ 2 baths |
|
| living/dining | living/dining | living/dining | living/dining | living/dining | ||
| Kitchen | dishwasher/ disposal |
dishwasher/ disposal |
dishwasher/ disposal |
dishwasher/ disposal |
dishwasher/ disposal |
|
| line for icemaker | line for icemaker | line for icemaker | line for icemaker | line for icemaker | ||
| electric stove | electric stove | electric stove | electric stove | electric stove | ||
| Utility Room | Full size W/D area |
Full size W/D area |
Full size W/D area |
Full size W/D area |
Full size W/D area |
|
| Master | walk-in closets | walk-in closets | ||||
| ceiling fan | ceiling fan | ceiling fan | ceiling fan | ceiling fan | ||
| Window Coverings | mini blinds | mini blinds | mini blinds | mini blinds | mini blinds | |
| Heating | Central – gas |
Central – gas |
Central – gas |
Central – gas |
Central – gas |
|
| Cooling | Central – electric |
Central – electric |
Central – electric |
Central – electric |
Central – electric |
|
| Fireplace | Yes – brick | Yes – brick | Yes – brick | Yes – brick | Yes – brick | |
| gas starter | gas starter | gas starter | gas starter | gas starter | ||
| Exterior Features | sprinkler system | sprinkler system | sprinkler system | sprinkler system | sprinkler system | |
| gutters | gutters | gutters | gutters | gutters | ||
| covered patio | covered patio | |||||
| Construction | brick | brick | brick | brick | brick | |
| garage/ siding |
garage/ siding |
garage/ siding |
garage/ siding |
garage/ siding |
||
| Foundation | slab | slab | slab | slab | slab | |
| Roof | composition | composition | composition | composition | composition | |
| Fence | wood | wood | wood | wood | wood | |
| Garage | 2 car – rear | 2 car – rear | 2 car – rear | 2 car – rear | 2 car – rear | |
| opener | opener | opener | opener | opener | ||
| Utilities | City water/ sewer |
City water/ sewer |
City water/ sewer |
City water/ sewer |
City water/ sewer |
|
| Tax Appraisals | $156,760 | $146,080 | $159,440 | $151,690 | $182,740 | $796,710 |
The property is offered exclusively by Ben Thomas Companies. Please call Gene Fichte at 817.925.8716 or email Gene Fichte for more information.