1809 Roman Road, Grand Prairie, Texas 75050

$325,000
6
BD
List Price
$325,000
MLS#
14347548
Status
ACTIVE
Type
Multifamily
Year Built
1969
Construction Status
Preowned
Bedrooms
6
Full Baths
6
Acres
0.15
County
Dallas
Area
GRAND PRAIRIE (271)
City
Grand Prairie
Subdivision
Holiday Hill Estates
Building Name
Not In A Complex

Property Description

This 4-plex property in Grand Prairie, TX is currently operating at an NOI of $19,631 and is 100% occupied. The property consists of two 1BD-1BA units and two 2BD-2BA units. This is a value-add investment, presenting new ownership with the opportunity to add washers and dryers in each unit in either the kitchen or bedrooms and implement RUBS at $50-unit to recover apx 80% of annual water-sewer expense. Adding these features will allow new owner to increase rents to $700 for 1 bed units and $750 for 2 bed units. Pro Forma NOI is $22,118 at a 6.81% cap rate...View the OM in attachments for showing and offer instructions.

Additional Information

Unexempt Taxes
$3,353
HOA
No HOA
Amenities
Fireplace
Annual Insurance
1700
Gross Annual Expenses
12169
Gross Annual Income
32400
Lot Size
6,359
Acres
0.15
Subdivided
No
Interior Features
Window Coverings
Foundation
Slab
Roof
Composition
Stories
2
Fireplace Type
Wood Burning
Street Utilities
City Sewer, City Water, Sidewalk
Heating Cooling
Central Air-Elec, Central Heat-Elec
Construction Material
Frame/Brick Trim, Wood
Parking Garage
Assigned Spaces, Covered
Total Num Parking
6
School District
Grand Prairie Isd
Elementary School
Eisenhower
Middle School
Adams
High School
Grand Prairie
Building Sq. Ft.
3516
Number of bldgs.
1
Number of units
4
Occupancy Rate
100
Possession
Closing/Funding
Cap Rate
6.04

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Waller Group LLC.