About 3525 Colonial Avenue
Excellent opportunity to buy an affordable 6-plex very close to downtown. Well maintained property with excellent tenants and payment history. Rents could be increased when leases end to create an even better return. Recent infrastructure work on 45 and 310 plus real estate development in the Forest Theatre District and the Cedars makes this prime to buy now. Roof replaced in 2019; renovations in each unit throughout the last few years. Most of the units have been converted to ceramic tile floors. Reach out with questions!
Features of 3525 Colonial Avenue
| MLS® # | 21309010 |
|---|---|
| Price | $475,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 1,989 |
| Acres | 0.15 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 3525 Colonial Avenue |
|---|---|
| Subdivision | Ervay Street Heights |
| City | Dallas |
| County | Dallas |
| State | TX |
| Zip Code | 75215-3423 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Garages | Parking Lot, Common |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Cable TV Available, High Speed Internet Available |
|---|---|
| Heating | Electric |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick, Wood |
| Foundation | Pillar/Post/Pier |
School Information
| District | Dallas ISD |
|---|---|
| Elementary | Dunbar |
| Middle | Dade |
| High | Madison |
Additional Information
| Flooring | Hardwood, Tile |
|---|---|
| $/LivSqFt | $239 |
| Net Income | $27,863 |
| Building Sqft | 1,989 |
| # Units | 6 |
Listing Details
| Agent | Matt Templeton |
|---|---|
| Office | Keller Williams Urban Dallas |
| Contact Info | 972-677-3991 |