1724 Pear St
Dallas, TX 75215
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 3,440 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | R5A | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,440 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | R5A |
About 1724 PEAR ST , DALLAS, TX 75215
Totally renovated 6-plex in the emerging S. Cedars/Fair Park sub market. Property has been renovated with new plumbing, electrical, roof, windows, flooring, cabinets, counters, fixtures, and more. Over $80,000 of capital improvements made over the last 6 months. Appliances, roof, and mechanics all warranted by manufacturers warranty. Developer warrants all workmanship and material defects for 1 year from the purchase date. Property occupied by metro-care housing, providing housing for disabled veterans and other social services. Metro-care is the largest non-profit organization providing housing for the Dallas area. Metro care has a 95% lease renewal rate and typically pays a 2-3% annual rent increase, making this property a very attractive investment for a passive investor. Laundry machines provide additional income. All bills paid by landlord but units are separately metered. Waller Group will continue property management for 5% of gross income.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 00000162397000000 | Improvements Assessment | $457,840 |
| Land Assessment | $42,350 | Total Assessment | $500,190 |
Property Taxes
