5613 Lindell Avenue Unit 1-5, Dallas, Texas 75206

$1,725,000
10
BD
List Price
$1,725,000
MLS#
14579104
Status
PENDING
Type
Multifamily
Year Built
2006
Construction Status
Preowned
Bedrooms
10
Full Baths
10
Half Baths
1
Acres
0.165
County
Dallas
City
Dallas
Subdivision
Alta Vista Add
Building Name
Villas At Lindell

Property Description

Fully gated luxury 5 unit building with spectacular downtown private rooftop views located in one of the most in demand submarkets in the country for rent growth & occupancy. Each unit has granite counters, SS appliances, maple cabinets, high ceilings, open kitchen-living concept, attached 2 car garage & mudroom with full size laundry closet. Centrally located to downtown, Uptown, Deep Ellum, Knox Henderson, SMU, Lower Greenville, and White Rock Lake. The forecast for the East Dallas submarket for the next several years is a continued sustainable trend upwards. Property is shared with separate identical 5 unit HOA building. Measurements & schools to be verified by buyer.

Additional Information

Unexempt Taxes
$28,358
HOA
No HOA
Annual Insurance
6015
Gross Annual Expenses
60655
Gross Annual Income
127980
Lot Size
7,187
Acres
0.165
Lot Description
Landscaped
Subdivided
No
Interior Features
Decorative Lighting, High Speed Internet Available, Multiple Staircases, Vaulted Ceilings, Window Coverings
Flooring
Carpet, Ceramic Tile, Laminate
Foundation
Slab
Roof
Composition
Stories
3
Street Utilities
City Sewer, City Water, Community Mailbox, Sidewalk
Heating Cooling
Central Air-Elec, Central Heat-Elec
Exterior
Balcony, Gutters, Roof Top Deck/Patio
Construction Material
Siding, Stucco
Parking Garage
2-Car Single Doors, Garage, Garage Door Opener, Garage-Attached, On Street
Total Num Parking
10
School District
Dallas Isd
Elementary School
Geneva Heights
Middle School
Long
High School
Wilson
Proposed Financing
Cash, Conventional
Building Sq. Ft.
7672
Number of bldgs.
1
Number of units
5
Occupancy Rate
80
Tenancy
No Smoking, No Waterbeds, Pet Restrictions, Pets Allowed
Possession
Closing/Funding
Cap Rate
3.9
Community Features
Comm. Sprinkler System, Gated Entrance, Perimeter Fencing

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Knobler Property Group LLC.