Incredible investment opportunity to purchase a diverse portfolio of 5 tenant occupied homes in Plano, Dallas, Richardson, and Farmers Branch! Currently occupied by a sober living facility, current owner is looking to sell and lease back for 5-10 years with increased rents to new owner. 6.5% cap rate minimally with a net income over $191,000 annually. Property values in DFW are projected to increase by 12%! Don't miss this opportunity. Addresses are 1117 Lakestream Drive 75075, 4445 Burnhill Drive, Plano TX 75074, 23 Grant Circle, Richardson TX 75081, 10219 Sunridge Trail, Dallas TX 75243, 13375 Glenside Drive, Farmers Branch 75234. Do not disturb tenants.
- Price:
- $2,950,000
- Bedrooms:
- 24
- Full Baths:
- 14
- Half Baths:
- 4
- Square Footage:
- 15,190
- Acreage:
- 0.21
- Year Built:
- 1992
- Listing ID #:
- 20055152
- Street Address:
- 1117 Lakestream Dr
- City:
- Plano
- State:
- Texas
- Postal Code:
- 75075
- County:
- Collin
- Subdivision:
- Creekbend Estates Ph 1
- Listing Status:
- Active
- Listing Type:
- Multi Family
School District: Plano Isd
K-5
420 students
10 student/teacher
11-12
2752 students
16 student/teacher
6-8
700 students
12 student/teacher
- Construction Description:
- Concrete
- Flooring:
- Carpet, Tile, Wood
- Foundation:
- Slab
- Interior Features:
- Cable Tv Available, Flat Screen Wiring, High Speed Internet Available, Sound System Wiring, Vaulted Ceiling(s)
- Number Of Units:
- 5
- Stories:
- Two
- Total # Of Buildings:
- 5
- Total Building Square Footage:
- 15190
- Type Of Roof:
- Composition
- Year Built:
- 1992
- Year Built Description:
- Preowned
- Annual Insurance Expenses:
- 13224
- Capitalization Rate:
- 6.49
- Gross Expenses:
- 72609.00
- Gross Income:
- 264000.00
- Lot Square Footage:
- 9147.6000
- Previous Listing Price:
- 3200000.00
- Garage Capacity:
- 9
- Has Attached Garage:
- 1
- Has Garage:
- 1
- Parking Description:
- Garage
- Parking Spaces:
- 9
- Appliances:
- Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Convection Oven, Double Oven, Plumbed For Ice Maker, Refrigerator, Water Filter
- Cooling System:
- Electric, Gas
- Heating Fuel:
- Central, Natural Gas
- Utilities:
- City Sewer, City Water
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Selden Tual of Rogers Healy And Associates
-
Our online database includes ALL Dallas-Fort Worth area properties listed with the North Texas MLS. Property data is courtesy of the North Texas Real Estate Information Systems (NTREIS) multiple listing service.
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