Welcome to a unique investment opportunity in South Dallas!

This off-market rental property consists of 5 units nestled inside a Single Family Residence, generating a robust $3,250 in gross monthly income. Tenants are all on Month to Month Lease Seize the chance to acquire a fully occupied property, presenting a Gross Annual Income of $39,000, with a Net Operating Income of $20,580 per year.

City is Allowing Current use by Applying for a Special use Permit with the city of dallas. Otherwise the city wants the Structure to be Re-configured to a Duplex or Single Family.

The property comprises a mix of 5x Studio Apartments. Two out of the five units have undergone renovation during vacancies, Shingles have been replaced in the property 5 years ago. Foundation has some unevenness to the Front end of the Property the rest is leveled. Additionally, exterior improvements have been implemented, contributing to the property's overall appeal.

Each unit's estimated rehabilitation cost ranges from $10,000 to $15,000, reflecting an opportunity for value addition and potential increased rental income. The property's financials and strategic location make it a compelling investment for those looking to enter or expand their real estate portfolio in the dynamic South Dallas market.

Operational costs, including insurance, taxes, water, and electricity, have been meticulously accounted for in the financial breakdown. After deducting these expenses, the property still yields a commendable Net Operating Income. Notably, the property predominantly features window units, creating a cost-effective heating and cooling system. Don't miss the chance to be part of this lucrative investment venture, offering stable cash flow, growth potential, and a solid foundation in a thriving rental market.

Contact us to explore this off-market opportunity further and unlock the potential of this income-generating property.