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5503 Martel Avenue

Dallas, TX 75206
  • $1,050,000
  • STATUS: Active Option Contract
  • ON SITE: 54 Days
  • MLS #: 20674497
Under Contract
UPDATED: 26 min ago
$1,050,000
  • 5
    BEDS
  • 0.21
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Peter Mester of BK Real Estate LLC: .

Description

Exceptional 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty | The Tierny Jordan Network. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than eXp Realty | The Tierny Jordan Network are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-09-08T07:41:31.957.
www.texasonlinehomesearch.com/homes/152608230
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5503 Martel Avenue Dallas, TX 75206

  • Price: $1,050,000
  • Status: Active Option Contract
  • On Site: 54 Days
  • Updated: 26 min ago
  • MLS #: 20674497
5
Beds
3
Baths
0
½ Baths
0.21
Acres
1948
Built
Neighborhood:
Adams & Whyte
County:
Dallas
Area:
Dallas
Elementary School:
Mockingbird
High School:
Woodrow Wilson
School District:
Dallas ISD
Property Description
Exceptional 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.
Exterior Features

Carport Spaces 2 Construction BrickSidingStone Veneer Foundation Pillar/Post/Pier Parking Or Garage Additional ParkingAlley AccessDetached CarportDrivewayGarage Parking Spaces 6 Pool On Property No Roof Composition

Interior Features

Appliances DishwasherDisposalElectric CooktopElectric OvenElectric Water Heater Attached Garage No Cooling Central Air Fireplace Features Wood Burning Fireplaces 1 Flooring TileWood Garage Yes Garage Length 20 Garage Width 20 Handicap YN No Heating Central Interior Features Built-in Features

Property Features

Building Area Source Public Records Building Area Total 3263.00 Complex Name - Construction Status Preowned Gross Annual Expenses 0.00 Gross Annual Income 78900.00 HOA None Insurance Expense 2352 Levels Two List MLSProvider Metrotex Association Of Realtors Listing Terms CashConventional Municipal Utility District No Net Operation Income 60686 Possession Closing/FundingLease Outstanding Property Type Triplex Unexempt Taxes 15862 Utilities City SewerCity WaterElectricity AvailableIndividual Water Meter Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty | The Tierny Jordan Network. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than eXp Realty | The Tierny Jordan Network are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-09-08T07:41:31.957.
 
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eXp Realty | The Tierny Jordan Network
eXp Realty | The Tierny Jordan Network
Dallas | Arlington | Frisco TX,
Offered by Peter Mester of BK Real Estate LLC: .