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    5400 Lakeview

    Rowlett, TX 75088
    • $1,350,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 14460848
    UPDATED: 17 min ago
    $1,350,000
    • 17
      BEDS
    • N/A
      ACRES
    • 17
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Robin Tomberlin Johnson of Ultima Real Estate.

    Description

    Great cash flow opportunity in the fast-growing, lakeside Dallas suburb of Rowlett. Solid cash flow and ability to increase rents to market rates for substantial equity increase in a short period of time. See documents for financials. Package of 11 condos in a small complex of 22 condos. The buyer will have voting control over the HOA as they will control 50% of the votes. All units have large private patios or balconies, fireplaces, full-size WD connections. Large floor plans. 100% occupied. Highly desirable location and community. The average length of stay for the current tenants is over 7 years. Water, sewer, trash, blanket insurance, lawn care, exterior maintenance are covered by HOA. Tenants pay electric

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    © 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 2020-11-25T16:40:17.893.
    www.homesbylainie.com/homes/111409884
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    5400 Lakeview Rowlett, TX 75088

    • Price: $1,350,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 14460848
    17
    Beds
    17
    Baths
    0
    ½ Baths
    N/A
    Acres
    1982
    Built
    Neighborhood:
    Wimbledon Place Condo
    County:
    Dallas
    Area:
    Sachse/Rowlett
    Elementary School:
    Choice of School
    Middle School:
    Choice of School
    High School:
    Choice of School
    School District:
    Garland ISD
    Property Description
    Great cash flow opportunity in the fast-growing, lakeside Dallas suburb of Rowlett. Solid cash flow and ability to increase rents to market rates for substantial equity increase in a short period of time. See documents for financials. Package of 11 condos in a small complex of 22 condos. The buyer will have voting control over the HOA as they will control 50% of the votes. All units have large private patios or balconies, fireplaces, full-size WD connections. Large floor plans. 100% occupied. Highly desirable location and community. The average length of stay for the current tenants is over 7 years. Water, sewer, trash, blanket insurance, lawn care, exterior maintenance are covered by HOA. Tenants pay electric
    Exterior Features

    Construction Brick Foundation Slab Parking Or Garage Assigned Spaces Parking Spaces 17 Pool On Property No Roof Composition

    Interior Features

    Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Other Kitchen Equipment Range/Oven-Electric Sq Ft Building 8800

    Property Features

    Building Area Source Other Documentation Buildings 3 Complex Name Wimbledon Place Construction Status Preowned Gross Annual Expenses 52380 Gross Annual Income 1355400 HOA Mandatory Hoa Billing Freq Annual Hoa Dues 21600 Hoa Includes Back Yard MaintenanceBlanket InsuranceExterior MaintenanceFront Yard MaintenanceFull Use Of FacilitiesMaintenance Of Common AreasManagement FeesReservesTrashWater/Sewer Insurance Expense 0 Municipal Utility District No Net Annual Income 83159 Occupancy Rate 100 Possession Closing/Funding Property Type Mul-Multiple Single Units Total Annual Expenses Include Common AreaInsuranceLawn CareLicense/PermitsTaxesWater/Sewer/Trash Unexempt Taxes 26381 Unit Count 2 Utilities City SewerCity Water Will Subdivide Yes

    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 2020-11-25T16:40:17.893.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14460848-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14460848-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14460848-2.jpg
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    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Robin Tomberlin Johnson of Ultima Real Estate.