2401-2411 Doreen St
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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 | Apartment Style | Low Rise |
Price Per Unit | $166,500 | Building Class | C |
Sale Type | Investment | Lot Size | 0.46 AC |
Cap Rate | 6.58% | Building Size | 8,250 SF |
Sale Conditions | 1031 Exchange | No. Stories | 2 |
Gross Rent Multiplier | 8.8 | Year Built | 1972 |
No. Units | 6 | Parking Ratio | 1.45/1,000 SF |
Property Type | Multifamily | Cross Streets | NW 24th St |
Property Subtype | Apartment |
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 |
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PROPERTY TAXES
Parcel Number | 00690945 | Improvements Assessment | $640,125 |
Land Assessment | $49,875 | Total Assessment | $690,000 |
PROPERTY TAXES
Parcel Number
00690945
Land Assessment
$49,875
Improvements Assessment
$640,125
Total Assessment
$690,000
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2401-2411 Doreen St
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