5425 Melrose Avenue

    Dallas, TX 75206
    • $1,650,000
    • STATUS: Active
    • ON SITE: 158 days
    • MLS #: 14112788
    UPDATED: 33 min ago
    $1,650,000
    • 3
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Lee Lamont of Coldwell Banker Residential.

    Description

    Opportunity to own New Construction Modern building in great Dallas location 5425 & 5427 Melrose. Potential $132,000 annual income. 100% occupied, almost 6% cap rate. Very quiet street yet walk-able to great dining, entertaining & shopping. Simple & Elegant design with clean lines and high quality materials throughout. Highly energy efficient home with foam insulation. Open concept living extended sight lines to large back yard. Master bedroom with balcony, 2 other beds & game room (or office) with balcony on 2nd floor. Beautiful rooftop deck, great entertaining space, with views of Downtown Dallas.

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimberly Davis Group, Keller Williams Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Kimberly Davis Group, Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-17T17:40:07.243.
    www.ntxpropertysearch.com/homes/95782313

    5425 Melrose Avenue Dallas, TX 75206

    • Price: $1,650,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 14112788
    3
    Beds
    3
    Baths
    1
    ½ Baths
    N/A
    Acres
    2019
    Built
    Neighborhood:
    Vickery Place
    County:
    Dallas
    Area:
    Dallas East
    Elementary School:
    Geneva Heights
    Middle School:
    Long
    High School:
    Wilson
    School District:
    Dallas ISD
    Property Description
    Opportunity to own New Construction Modern building in great Dallas location 5425 & 5427 Melrose. Potential $132,000 annual income. 100% occupied, almost 6% cap rate. Very quiet street yet walk-able to great dining, entertaining & shopping. Simple & Elegant design with clean lines and high quality materials throughout. Highly energy efficient home with foam insulation. Open concept living extended sight lines to large back yard. Master bedroom with balcony, 2 other beds & game room (or office) with balcony on 2nd floor. Beautiful rooftop deck, great entertaining space, with views of Downtown Dallas.
    Exterior Features

    Construction Brick Exterior Features BalconyCovered DeckCovered Porch(Es)Lighting SystemOutdoor Living CenterRoof Top Deck/PatioSprinkler System Fence Wood Foundation Slab Lot Description Interior LotLandscapedLrg. Backyard GrassSome TreesSubdivision Parking Or Garage AttachedOutside Entry Parking Spaces 4 Pool On Property No Roof Composition

    Interior Features

    Fireplace Features Gas Starter Fireplaces 1 Flooring Ceramic TileWood Handicap YN No Heating Central Air-ElecCentral Heat-Gas Interior Features Cable Tv AvailableDecorative LightingFlat Screen WiringHigh Speed Internet Available Kitchen Equipment Built-In IcemakerBuilt-in MicrowaveBuilt-In Refrigerator/FreezerConvection OvenCooktop - GasDishwasherDisposalOven-GasPlumbed For Gas in KitchenRefrigeratorVent MechanismWater Line To Refrigerator Sq Ft Building 5600

    Property Features

    Alarm Or Security Type BurglarCarbon Monoxide DetectorExterior Security Light(S)Smoke Detector Building Area Source Building Plan Buildings 1 Complex Name Melrose Construction Status New Construction - Complete Gross Annual Expenses 15000 Gross Annual Income 120000 HOA None Insurance Expense 2400 Municipal Utility District No Net Annual Income 102000 Occupancy Rate 100 Possession Closing/Funding Property Type Mul-Full Duplex Unit Count 2 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimberly Davis Group, Keller Williams Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Kimberly Davis Group, Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-17T17:40:07.243.
     
    The Kimberly Davis Group, Keller Williams Realty
    3600 Preston Road
    Plano TX, 75093
    Offered by Lee Lamont of Coldwell Banker Residential.