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2401-2411 Doreen St

6 Unit Apartment Building $999,000 ($166,500/Unit) 6.58% Cap Rate Grand Prairie, TX 75050

Investment Highlights

  • Conveniently located near major shopping destinations!
  • Great ample spaces large units.
  • The building is located in a high traffic area making it accessible by public transportation.
  • Located near some wonderful parks.

Executive Summary

Doreen Townhomes is a 6-unit, "plex" multifamily asset located in the Grand Prairie submarket. The property features excellent floorplans, with large townhome style units, each with their own private patio. The property is individually metered, interior unit amenities include washer drier connections, stainless steel appliance packages, granite counter tops, and upgraded fixtures. Each unit has their own water heater delivering hot water to the unit. Flooring consist of vinyl plank flooring, and bathrooms include a jack and jill vanity.

Property Facts

Price $999,000
Price Per Unit $166,500
Sale Type Investment
Cap Rate 6.58%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 8.8
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.46 AC
Building Size 8,250 SF
No. Stories 2
Year Built 1972
Parking Ratio 1.45/1,000 SF
Cross Streets NW 24th St

Unit Amenities

  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer Hookup

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1.5 5 - 1,329
4+1.5 1 - 1,472

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00690945
Land Assessment
$49,875
Improvements Assessment
$640,125
Total Assessment
$690,000
  • Listing ID: 28816809

  • Date on Market: 6/21/2023

  • Last Updated:

  • Address: 2401-2411 Doreen St, Grand Prairie, TX 75050

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