3209 Norwalk Ave, Dallas, TX 75220

8 Bedroom(s)

8 Full Bath(s)

0.18 Lot Acres

Multi-Family - 5 Plus

280 Day(s) on HAR.com

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Description

VALUE ADD OPPORTUNITY! SELLER IS OPEN TO CREATIVE FINANCE. LOAN BALANCE IS 445K WITH A 4.75 INTEREST RATE. Seller would like 200-250k cash down, the remaining balance he is open to seller financing on a 30 year am with a 5 year balloon. Apartment complex for sale in a very desirable area in Dallas primed for growth. The complex has 8 total units, 4 on the first floor and 4 on the second floor. Fully leased at $975 each and all are on month-to-month leases. Owner pays water, trash, and exterior lights. Tenants are responsible for the interior lights and all other utilities. With exterior improvements, rent could easily be pushed to $1,025 per month based on neighboring comps. All leases, 2022 and 2023 financials, and utility bills are available in transaction desk.

MLS#

NTREIS-20434816

List Price

$850,000

Listing Status

Under Contract - OP

Address

3209 Norwalk Ave

City

Dallas

State

Zip Code

75220

County

Dallas County

Subdivision

Marshall Terrace

Neighborhood

View Preston Hollow Profile View all homes in Preston Hollow

Legal Description

MARSHALL TERRACE BLK D/5775 LT 29

Property Type

Multi-Family - 5 Plus

Bedroom

8 Bedroom(s)

Bath

8 Full Bath(s)

Stories

Year Built

1982 /Appraisal District

Lot Size

0.18 Lot Acres/Appraisal District

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directions

PRESENTED BY

Somer Salameh Platinum

Teifke Real Estate

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Exterior

Roof

Composition

Foundation

Slab

Private Pool

Exterior Type

Brick

Parking

Assigned, Common

Utility

Cable Available, City Sewer, City Water

Interior

Floors

Other

Cooling

Central Air, Electric

Heating

Central, Electric

Appliances

Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range

Interior

Cable TV Available, High Speed Internet Available

Lot information

Lot Size

0.18 Lot Acres /Appraisal District

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Mortgage

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LIST PRICE

DOWN PAYMENT

Amount

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Loan Term

Months

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.