1600 Baxley Street Carrollton, TX 75006

$2,400,000  
2.83 Acres On Site: 224 Days
Built: 1952
This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.
Status:Active
Property Type:Multiple Single Units
MLS #:13833411
Year Built:1952
On Site:224 Days
Lot Size:2.83 Acres

Mike Pannell

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Detailed Maps

Community Information

Address:1600 Baxley Street Carrollton, TX 75006
County:Dallas
Subdivision:Baxley Sfr
Zip Code:75006

School Information

High School:Turner
Middle School:Perry
Elementary School:Carrollton

Architecture

Year Built:1952
Stories:1
Construction Materials: Frame/Brick Trim, Siding, Wood
Roof: Composition
Foundation Details: Pier & Beam
Parking Features: Attached, Detached, Front, Garage, Individual Carport

Features / Amenities

Heating: Central Air-Elec, Central Heat-Elec, Window Unit
Energy Saving Features: Ceiling Fans

Property Features

Lot Size: 2.83 Acres
Waterfront: No
Utilities: City Sewer, City Water
Directions:From I-35E take exit 443B toward Belt Line Rd; Merge onto S Interstate 35E; Turn right onto W Belt Line Rd; Turn left onto N Maryland St; Turn right onto Baxley St; Destination will be on the right.

Tax and Financial Info

Capitalization Rate: 6.18
Gross Annual Expenses: 58081
Gross Annual Income: 206304
Net Annual Income: 148223
Insurance Expense: 5400

Listing Office

Listing provided courtesy of Logan Waller, Waller Group LLC.

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Listing Information Last Updated 12/11/2018
Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Nu Home Source Realty, LLC are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated 12/11/2018.

Property Summary:

Home for sale at .

Description: The property at 1600 Baxley Street Carrollton, TX 75006 in the Baxley Sfr subdivision with the MLS# 13833411 is currently listed for $2,400,000 and has been on the market for 223 days.

GeoCoordinates:

32.9586223
-96.8998896

Listing Price: $2,400,000

You are viewing the MFRMLS listing details of the home for sale at 1600 Baxley Street Carrollton, TX 75006, which features 0 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.