435 W 9th St, Dallas, TX 75208
- $2,750,000
- 18
- BD
- 16
- BA
- List Price
- $2,750,000
- MLS#
- 21318003
- Status
- ACTIVE
- Type
- Condo
- Subtype
- ResidentialIncome
- Year Built
- 1925
- Construction Status
- Preowned
- Bedrooms
- 18
- Full Baths
- 16
- Acres
- 0.12
- County
- Dallas
- City
- Dallas
- Subdivision
- Dallas Land & Loan 02
- Building Name
- West 9th Condos
Property Description
16-unit condominium portfolio, one block from Bishop Arts. 15 of 16 units leased on 12–24 month terms with zero month-to-month exposure. $244,800 gross scheduled income at full stabilization. 6.9% cap rate at asking price of $2,750,000. Individually metered utilities. Tankless water heaters throughout. Full renovation complete with no deferred maintenance, and no capital requirements at closing. OM available in the transaction desk. This is for 435 and 439 W 9th St.
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Additional Information
- Unexempt Taxes
- $15,749
- Lot Size
- 5,270
- Acres
- 0.12
- Lot Description
- Corner Lot
- Interior Features
- Eat-In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Multiple Staircases, Open Floor Plan, Walk-In Closet(s)
- Flooring
- Laminate
- Foundation
- Slab
- Roof
- Composition, Shingle
- Stories
- 2
- Pool Features
- None
- Parking Garage
- Common, None, Paved, Parking Lot, Parking Pad, On Street
- School District
- Dallas Isd
- Elementary School
- Reagan
- Middle School
- Garcia
- High School
- Adamson
- Possession
- CloseOfEscrow
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Listing courtesy of Rachael Gray Smith from Compass RE Texas, LLC. Contact: 432-413-6370