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MULTI-FAMILY: (12 Unit) 5702&5704 Victor St, Dallas, TX 75214 [OFF-MARKET]

Updated: 5 days ago




Multifamily Investment Opportunity


$2,150,000


Off-Market Investment Opportunity:


5702 and 5704 Victor Street, Dallas, TX 75214


Property Overview:

  • Properties: 5702 and 5704 Victor Street

  • Location: Dallas, TX 75214

  • Offering: Two buildings, sold as a package

  • One 8-unit building

  • One 4-unit building

  • Separated by a shared driveway

  • Additional Features: Off-street parking lot

Asking Price: $2,150,000


Property Highlights:

  • Condition: These properties are in very good condition, meticulously maintained, and fully occupied.

  • Rental Income: The current owner rents each unit for $2,000 monthly, resulting in a total monthly income of $24,000.

  • Expenses: Monthly expenses are approximately $5,000, which includes property management. It's worth noting that the owner uses a personal friend for property management, so adjustments can be made as needed.

Please submit all offers directly to ericb@andersonandryan.com


Property Photos:




Investment Potential:

  • Cap Rate: A robust 10% cap rate is achievable, excluding property management costs.

  • Expansion Opportunity: There is room for expansion in the 4-unit building.

  • Well-Sought Area: The properties are located in a highly desirable area with strong rental demand.

  • Recent Renovations: Recent property renovations have ensured that all systems are either newly replaced or functioning optimally.

Seller's Motivation: The current owner has taken exceptional care of the physical property but acknowledges poor financial management. They are now looking to divest from this asset and explore investments in other sectors. Full financial transparency is provided, and all relevant rent rolls are attached.



Please Note: If you are interested in this exceptional investment opportunity, please forward a Letter of Intent (LOI), and we will take it from there.


These properties at 5702 and 5704 Victor Street offer immediate rental income, expansion potential, and a prime location in a sought-after area of Dallas. Don't miss the chance to add this investment package to your portfolio.


Photos












Harvest River Partners

Eric Brinson

Principal

Mobile: 615-987-7897


*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact ericb@harvestriverpartners.com directly to discuss. This is an off-market investment opportunity.




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