3328 Shepherd Lane

Balch Springs, TX 75180 View Map $2,700,000 Schedule a Tour
Beds48
Acres1.49
Year1983

Mike Pannell

(817) 703-3238
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Status: Active
Property Type:Apartment/5plex+
MLS #:14318950
On Site:202 Days
Lot Size:1.49 Acres
County:Dallas
The 32 unit Shepherd Lane Apartments is a strong investment with some value-add potential in a growing submarket of Dallas. This property is currently operating at an NOI of $165,982 and is 90.6% occupied. Unit sizes are larger than average for the area, with 2 bedroom units featuring washer-dryer connections, private patios, and wood-burning fireplaces. Over $310,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, and exterior painting. About 90% of the unit interi.... For full financials, Offering or Tour Procedures, please view the Offering Memorandum attached in the MLS Transaction Documents.

Mortgage Calculator

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

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
6/8/2020$2,760,000$2,720,000-1.4%
7/23/2020$2,720,000$2,700,000-0.7%

Community Information

Address:3328 Shepherd Lane Balch Springs, TX 75180
County:Dallas
Zip Code:75180
Condo Project:Shepherd Lane Apts

School Information

High School:Westmesqui
Middle School:New
Elementary School:Gray

Architecture

Bedrooms: 48
Year Built:1983
Stories:2
Construction Materials: Frame/Brick Trim, Wood
Roof: Composition
Foundation Details: Piered Beam Slab
Parking Features: Area Assigned, Assigned Spaces, Open, Uncovered

Features / Amenities

Interior Features: Window Coverings
Fireplace Features: Brick, Wood Burning
Equipment: Built-in Microwave, Dishwasher, Range/Oven-Electric, Refrigerator, Vent Mechanism
Security Features: Fire/Smoke
Heating: Window Unit, Zoned
Energy Saving Features: Ceiling Fans

Property Features

Lot Size: 1.49 Acres
Lot Dimensions:1 Acre to 2.99 Acres
Waterfront: No
Utilities: City Sewer, City Water
Directions:Take US-175 E to Elam Rd in Balch Springs. From US-175 E, follow signs for Kaufman; Take exit 1B from I-635 N for Elam Rd; Turn right onto Elam Rd; Turn left onto Shepherd Ln; 3328 Shepherd Ln is on the right.

Tax and Financial Info

Unexempt Taxes: $44,246
Capitalization Rate: 6.15
Gross Annual Expenses: 139161
Gross Annual Income: 387840
Net Annual Income: 165982
Insurance Expense: 12742

Listing Office

Listing provided courtesy of Logan Waller, Waller Group LLC.

Schools

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3328 Shepherd Lane Balch Springs, TX 75180
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3328 Shepherd Lane Balch Springs, TX 75180
 
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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 3328 Shepherd Lane Balch Springs, TX 75180 in the W H Bennett Abst 61 Pg 860 subdivision with the MLS# 14318950 is currently listed for $2,700,000 and has been on the market for 201 days.

GeoCoordinates:

32.7236592
-96.6129232

Listing Price: $2,700,000

You are viewing the MFRMLS listing details of the home for sale at 3328 Shepherd Lane Balch Springs, TX 75180, which features 48 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.