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4112-4114 Junius St 4 Unit Apartment Building $949,000 ($237,250/Unit) 7.30% Cap Rate Dallas, TX 75246
INVESTMENT HIGHLIGHTS
- 4,284 SF Investment Sale
- 7.30% Cap Rate
- Residential Dense Area
- Four MF Units, Fully Leased
- Month-to-Month Leases
EXECUTIVE SUMMARY
This 4,284 square-foot, fully leased four-plex presents an excellent investment opportunity with an estimated 7.30% cap rate, based on month-to-month leases with normalized rents. The property has been extensively renovated, including updates to the electrical system (four meters), plumbing (one water meter), roof, foundation, and central HVAC. Interior improvements feature new cabinetry, millwork, flooring, and windows. Additionally, the property includes a tiny home at the rear, which can serve as an office, and a three-car garage for tenants.
Strategically located just off Interstate 30, the property is situated in a densely residential area near Baylor Scott & White Hospital and various retail establishments. The landlord conducts monthly inspections to ensure proper maintenance of each unit. For more information, please contact Ross Miller.
Strategically located just off Interstate 30, the property is situated in a densely residential area near Baylor Scott & White Hospital and various retail establishments. The landlord conducts monthly inspections to ensure proper maintenance of each unit. For more information, please contact Ross Miller.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $949,000 | Building Class | C |
| Price Per Unit | $237,250 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,284 SF |
| Cap Rate | 7.30% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Z239 - Residential | ||
| Price | $949,000 |
| Price Per Unit | $237,250 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,284 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | Z239 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 00000125065000000 | Improvements Assessment | $164,660 |
| Land Assessment | $450,000 | Total Assessment | $614,660 |
PROPERTY TAXES
Parcel Number
00000125065000000
Land Assessment
$450,000
Improvements Assessment
$164,660
Total Assessment
$614,660
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