About 435 W 9th Street
16-unit condominium portfolio, one block from Bishop Arts. 15 of 16 units leased on 12–24 month terms with zero month-to-month exposure. $244,800 gross scheduled income at full stabilization. 6.9% cap rate at asking price of $2,750,000. Individually metered utilities. Tankless water heaters throughout. Full renovation complete with no deferred maintenance, and no capital requirements at closing. OM available in the transaction desk. This is for 435 and 439 W 9th St.
Features of 435 W 9th Street
| MLS® # | 21318003 |
|---|---|
| Price | $2,550,000 |
| Bedrooms | 18 |
| Bathrooms | 16.00 |
| Full Baths | 16 |
| Acres | 0.12 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 435 W 9th Street |
|---|---|
| Subdivision | Dallas Land & Loan 02 |
| City | Dallas |
| County | Dallas |
| State | TX |
| Zip Code | 75208 |
Amenities
| Utilities | City Sewer, City Water, Individual Gas Meter, Individual Water Meter |
|---|---|
| Parking Spaces | 10 |
| Garages | Common, No Garage, On Street, Parking Lot, Paved, Parking Pad |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Multiple Staircases, Open Floorplan, Walk-In Closet(s) |
|---|---|
| Heating | Other |
| Fireplace | No |
Exterior
| Lot Features | Corner Lot |
|---|---|
| Roof | Composition, Shingle |
| Construction | Brick, Vinyl Siding |
| Foundation | Slab |
School Information
| District | Dallas ISD |
|---|---|
| Elementary | Reagan |
| Middle | Garcia |
| High | Adamson |
Additional Information
| Flooring | Laminate |
|---|---|
| Net Income | $148,524 |
| Building Sqft | 3,040 |
| # Units | 16 |
Listing Details
| Agent | Rachael Gray Smith |
|---|---|
| Office | Compass RE Texas, LLC |
| Contact Info | 432-413-6370 |