1625 Grigsby Avenue

Dallas, TX 75204 View Map $2,770,000 Schedule a Tour
Acres0.45
Year1986

Mike Pannell

(817) 703-3238
Schedule a Tour Ask a Question
Status: Active
Property Type:Apartment/5plex+
MLS #:14378647
On Site:118 Days
Lot Size:0.45 Acres
County:Dallas
Waller Group Properties is proud to present this 20-unit multifamily complex built in 1986. Located in the heart of East Dallas, Grigsby Place is an attractive, well-maintained complex with all one-bedroom units. 70% of the rental revenue is Section 8 income. The property is currently operating at an NOI of $166,218 at a 6.00% cap rate on actuals. Pro Forma NOI is $195,757 at a 7.07% Pro Forma cap rate. This is a partially renovated value add opportunity where 15 units have been renovated to include new cabinets, counters, plumbing and appliances within the last 8 years. For more information, please review the OM and financials that are in the documents tab, and on our website.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1625 Grigsby Avenue Dallas, TX 75204
County:Dallas
City:Dallas
Zip Code:75204
Condo Project:Grigsby Place

School Information

School:Dallas ISD
High School:North Dallas
Middle School:Spence
Elementary School:Ray

Architecture

Year Built:1986
Stories:2
Construction Materials: Stucco, Wood
Roof: Composition
Foundation Details: Slab
Parking Features: Assigned Spaces

Features / Amenities

Flooring: Ceramic Tile, Laminate
Fireplace Features: Gas Logs, Wood Burning
Equipment: Built-in Microwave, Dishwasher, Dryer, Range/Oven-Electric, Refrigerator, Vent Mechanism, Washer
Exterior Features: Balcony
Heating: Central Air-Elec, Central Heat-Elec
Energy Saving Features: Ceiling Fans

Property Features

Lot Size: 0.45 Acres
Waterfront: No
Lot Number: 1
Utilities: City Sewer, City Water, Concrete, Curbs, Overhead Utilities, Sidewalk
Fencing: Metal
Directions:Head south, from N Fitzhugh Ave turn right onto Ross Ave; Turn left onto Grigsby Ave; Destination will be on the right.

Tax and Financial Info

Capitalization Rate: 7.49
Gross Annual Expenses: 53924
Gross Annual Income: 261491
Net Annual Income: 207567
Insurance Expense: 8059

Listing Office

Listing provided courtesy of Logan Waller, Waller Group LLC.

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

1625 Grigsby Avenue Dallas, TX 75204
GO SEE THIS LISTING
1625 Grigsby Avenue Dallas, TX 75204
 
ASAP
Tue
27
Oct
Wed
28
Oct
Thu
29
Oct
Fri
30
Oct
Sat
31
Oct
Sun
1
Nov
Mon
2
Nov
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
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 October 26, 2020.

Property Summary:

Home for sale at .

Description: The property at 1625 Grigsby Avenue Dallas, TX 75204 in the Duncan Ward & Morgans Add subdivision with the MLS# 14378647 is currently listed for $2,770,000 and has been on the market for 117 days.

GeoCoordinates:

32.8040232
-96.7770722

Listing Price: $2,770,000

You are viewing the MFRMLS listing details of the home for sale at 1625 Grigsby Avenue Dallas, TX 75204, which features 0 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.