Skip To Content
    Return to Previous Page

    2614 Jeffries Street

    Dallas, TX 75215
    • $1,218,000
    • STATUS: Active
    • ON SITE: 198 days
    • ID#: 14340530
    UPDATED: 54 min ago
    $1,218,000
    • 31
      BEDS
    • 0.34
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Logan Waller of Waller Group Llc.

    Description

    Originally built in 1963, this 16 unit market-rate property in Southeast Dallas is currently operating at an NOI of $93,185 at an 7.65% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1.29 per sf, while the average market rate is $1.41 per sf. Increasing rents to this rate will realize an additional $14,600 in annual rent revenue...MORE... For full financials, Offering or Tour Procedures, please view the OFFERING MEMORANDUM attached in the MLS Transaction Documents.

    Monthly Payment Calculator



    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-11-26T20:39:14.457.
    www.homesbylainie.com/homes/105758997
    Print Image

    2614 Jeffries Street Dallas, TX 75215

    • Price: $1,218,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 14340530
    31
    Beds
    16
    Baths
    0
    ½ Baths
    0.34
    Acres
    1963
    Built
    Neighborhood:
    Barnes & Mitchells Grand Ave
    County:
    Dallas
    Area:
    Dallas East
    Elementary School:
    King
    Middle School:
    Dade
    High School:
    Madison
    School District:
    Dallas ISD
    Property Description
    Originally built in 1963, this 16 unit market-rate property in Southeast Dallas is currently operating at an NOI of $93,185 at an 7.65% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1.29 per sf, while the average market rate is $1.41 per sf. Increasing rents to this rate will realize an additional $14,600 in annual rent revenue...MORE... For full financials, Offering or Tour Procedures, please view the OFFERING MEMORANDUM attached in the MLS Transaction Documents.
    Exterior Features

    Construction BrickFrame/Brick TrimWood Foundation Pier & Beam Parking Or Garage Common LotOpen Parking Spaces 16 Pool On Property No Roof CompositionMetal

    Interior Features

    Energy Efficiency Ceiling Fans Fireplaces 0 Flooring Wood Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features OtherWindow Coverings Kitchen Equipment Cooktop - ElectricDishwasherOven-ElectricRefrigerator Sq Ft Building 10400

    Property Features

    Alarm Or Security Type Smoke Detector Building Area Source Owner Buildings 2 Complex Name Caldwell Courts Construction Status Preowned Gross Annual Expenses 61632 Gross Annual Income 173352 HOA None Insurance Expense 6267 Municipal Utility District No Net Annual Income 93185 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unit Count 2 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-11-26T20:39:14.457.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14340530-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14340530-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14340530-2.jpg
    Logo
    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Logan Waller of Waller Group Llc.