2401-2411 Doreen St
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2401-2411 Doreen St
6 Unit Block of Flats £781,668 (£130,278/Unit) 6.58% Net Initial Yield Grand Prairie, TX 75050
Investment Highlights
- Conveniently located near major shopping destinations!
- Great ample spaces large units.
- The building is located in a high traffic area making it accessible by public transportation.
- Located near some wonderful parks.
Executive Summary
Doreen Townhomes is a 6-unit, "plex" multifamily asset located in the Grand Prairie submarket. The property features excellent floorplans, with large townhome style units, each with their own private patio. The property is individually metered, interior unit amenities include washer drier connections, stainless steel appliance packages, granite counter tops, and upgraded fixtures. Each unit has their own water heater delivering hot water to the unit. Flooring consist of vinyl plank flooring, and bathrooms include a jack and jill vanity.
Property Facts
| Price | £781,668 | Apartment Style | Low Rise |
| Price Per Unit | £130,278 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Net Initial Yield | 6.58% | Building Size | 8,250 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 2 |
| Gross Rent Multiplier | 8.8 | Year Built | 1972 |
| No. Units | 6 | Parking Ratio | 1.45/1,000 SF |
| Property Type | Residential | Cross Streets | NW 24th St |
| Property Subtype | Apartment |
| Price | £781,668 |
| Price Per Unit | £130,278 |
| Sale Type | Investment |
| Net Initial Yield | 6.58% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 8.8 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 8,250 SF |
| Number of Floors | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.45/1,000 SF |
| Cross Streets | NW 24th St |
Unit Amenities
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 5 | - | 1,329 |
| 4+1.5 | 1 | - | 1,472 |
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PROPERTY TAXES
| Parcel Number | 00690945 | Improvements Assessment | £500,866 |
| Land Assessment | £39,025 | Total Assessment | £539,891 |
PROPERTY TAXES
Parcel Number
00690945
Land Assessment
£39,025
Improvements Assessment
£500,866
Total Assessment
£539,891
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2401-2411 Doreen St
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