5503 Martel Ave

Dallas, TX 75206
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5 Bedroom(s)
3 Full Bath(s)
0.21 Lot Acres
Multi-Family - Triplex

Audio narrative

Description

Exceptional 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.

MLS#
NTREIS-20674497
List Price
$1,050,000
Listing Status
For Sale
Address
5503 Martel Ave
City
State
TX
Zip Code
County
Subdivision
Adams & Whyte
Legal Description
ADAMS & WHYTE RESUBDN BLK N/2919 LOT 1 & W1/2
Property Type
Multi-Family - Triplex
Bedroom
5 Bedroom(s)
Bath
3 Full Bath(s)
Garages
2 / Appraisal District
Stories
2
Year Built
1948 /Appraisal District
Lot Size
0.21 Lot Acres/Appraisal District

Exterior

Roof
Composition
Foundation
Pillar/Post/Pier
Private Pool
No
Exterior Type
Brick, Siding, Stone Veneer
Garage Size
20 X 20
Parking
Additional Parking, Alley Access, Detached Carport, Driveway, Garage
Utility
City Sewer, City Water, Electricity Available, Individual Water Meter

Interior

Fireplace
1/Wood Burning
Floors
Tile, Wood
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
Interior
Built-in Features

Lot information

Lot Size
0.21 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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Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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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.

Assigned schools

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Source

North Texas Real Estate Information Systems, Inc.
Source last updated Jul 15, 2024 at 12:38 PM
Listing last updated Jul 15, 2024 at 08:17 AM
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5503 Martel Ave, Dallas, TX 75206. View photos, map, tax, nearby homes for sale, home values, school info...

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