$700,000
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5 Beds
5 Baths
0.27 Acres Lot
SOLD DATE : 07/24/2024
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision J B Rabbs
MLS Listing ID 20618347
Sold Date 07/24/24
Bedrooms 5
Full Baths 5
HOA Y/N None
Total Fin. Sqft 4200
Year Built 1930
Annual Tax Amount $17,785
Lot Size 0.269 Acres
Acres 0.269
Property Sub-Type Apartment
Property Description
One of 5 properties in a portfolio of 31 units in East Dallas, all within a 2-mile radius. At Crestmore on Victor, tenants enjoy easy access to popular restaurants and attractions in Dallas, with close proximity to Lower Greenville, Uptown, Deep Ellum, White Rock Lake, and Downtown Dallas. The offering consists of 5 units with spacious one-bedroom, one bath units ranging from 700-900 SF. The property has had the same ownership for over 20 Years and offers various value add opportunities including increasing rents through unit upgrades, selling off units as a condominium conversion, or converting to short or mid-term rentals. Property also includes washer and dryer hookups in each unit. See Transaction Desk for the OM with the entire portfolio and provided financial analysis for each property. Can buy all of them together or separately. Reach out to agent for financials. No showings for occupied until execution to minimize disturbing tenants.
Location
State TX
County Dallas
Direction From Fitzhugh, turn right onto Victor St. Property will be to your left.
Interior
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air
Flooring Wood
Appliance Dishwasher, Disposal, Refrigerator
Heat Source Central, Electric
Exterior
Utilities Available Cable Available, City Sewer, City Water
Roof Type Shingle
Total Parking Spaces 4
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick,Wood
Schools
Elementary Schools Zaragoza
Middle Schools Spence
High Schools North Dallas
School District Dallas Isd
Others
Ownership CPP 5X5 TRUST
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Cash
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Bought with Carlos Cavazos • Carlos Cavazos Realtors
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