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The Doreen Townhomes, 2401-2411 Doreen St 6 Unit Apartment Building $1,200,000 ($200,000/Unit) Grand Prairie, TX 75050
EXECUTIVE SUMMARY
Sitting on almost half an acre in Grand Prairie, The Doreen Townhomes, represents a value add multi family opportunity. Current ownership has implemented a Section 8 tenant base strategy and is getting higher than market rents because of it. The value lies in renovating the last remaining unit and getting all units to maximum allowable rents. 4 of the units are 3-bedroom and 1.5 bath with the 5thand 6th being 4- bedrooms. All units are two stories and roughly 1375 square feet. Property is near major employers and Interstate 30.
PROPERTY FACTS
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 8,250 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | NW 24th St |
| Zoning | C - Commercial | ||
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 8,250 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2025 |
| Parking Ratio | 1.45/1,000 SF |
| Cross Streets | NW 24th St |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 4 | - | 1,375 |
| 4+1.5 | 1 | - | 1,375 - 1,472 |
| 4+2 | 1 | - | 1,375 |
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PROPERTY TAXES
| Parcel Number | 00690945 | Improvements Assessment | $750,125 |
| Land Assessment | $49,875 | Total Assessment | $800,000 |
PROPERTY TAXES
Parcel Number
00690945
Land Assessment
$49,875
Improvements Assessment
$750,125
Total Assessment
$800,000
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The Doreen Townhomes, | 2401-2411 Doreen St
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