Property
Beds
9
Full Baths
9
1/2 Baths
None
Year Built
1983
Sq.Footage
647
Nine individually deeded condominiums offered as a single portfolio. Eight units are leased and producing $74,160 in scheduled annual rent, with one unit delivered vacant and available to renovate or re-lease. Association dues of $105.22 to $128.79 per unit monthly are exceptionally low for condominium ownership, and the association maintains exteriors, roofs, grounds and common areas at that cost. At list the portfolio prices near $83 per square foot across 5,730 square feet — below every individual unit sale recorded in this community over the past eighteen months, which closed between $85.01 and $115.92 per foot. That is $52,778 a door against individual sales of $55,000, $57,000, $65,000 and $75,000. Per Dallas CAD, these nine units represent 30% of Park Town's 30 total units. Each unit is separately deeded and separately taxed, giving an owner exits that conventional apartment stock cannot: hold for income, finance in tranches, or sell units individually over time. Two miles to NorthPark Center, three to SMU, walking distance to the White Rock Creek Greenbelt. Fourteen additional units at Copperrun, same street, available separately at $875,000 or as a 23-unit package for $1,300,000 on simultaneous close. Vacant unit available to tour by appointment; occupied units shown after contract. Do not disturb tenants.
Features & Amenities
Interior
-
Other Interior Features
Pantry
-
Total Bedrooms
9
-
Bathrooms
9
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding, Brick
-
Parking
Assigned, Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.918
-
Lot Size(square feet)
39,988
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$475,000
-
Tax Amount
$2,316
-
Sq. Footage
647
-
Price/SqFt
$734
HOA
-
Association
YES
-
Association Fee
$118
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Jack Lowe Sr
-
Middle School
Tasby
-
High School
Conrad
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
4
-
Water Source
Public
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Location
County
Dallas
Elementary School
Jack Lowe Sr
Middle School
Tasby
High School
Conrad
Listing Courtesy of Deborah Byrd, League Real Estate
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AGENT
Joe Boston
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