5209 Capitol, Dallas, Texas 75206

$2,500,000
List Price
$2,500,000
MLS#
13629738
Status
ACTIVE
Type
Multifamily
Year Built
1950
Construction Status
Preowned
County
Dallas
Area
DALLAS EAST (12)
City
Dallas
Subdivision
Bon View Place
Building Name
The Magnolia On Cap

Property Description

Magnolia Apartments is the best located asset for this submarket. The property is well located and is visible to those traveling along Henderson Avenue. The subject property offers an investor the opportunity to purchase a property in excellent condition with minimal deferred maintenance while increasing rents which are below market. The property’s exterior is attractive and compromised mainly of brick. Constructed in 1950 with a pier and beam foundation and pitched composite shingle roofs, units have hard wood flooring, countertops, fixtures and cabinets. Air conditioning is delivered via individual HVACS.

Additional Information

Unexempt Taxes
$24,746
HOA
No HOA
Annual Insurance
14400
Gross Annual Expenses
88809
Gross Annual Income
221968
Lot Size
19,994
Subdivided
No
Interior Features
Other
Flooring
Wood
Foundation
Pier & Beam
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Gas
Construction Material
Brick
Parking Garage
Common Lot
Total Num Parking
16
School District
Dallas Isd
Elementary School
Leerobert
Middle School
Long
High School
Wilson
Building Sq. Ft.
10920
Number of bldgs.
3
Number of units
16
Occupancy Rate
100
Possession
Closing/Funding
Cap Rate
4.88

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Perry Guest Company.