401 Betchan St, Lake Dallas, TX 75065
8 Unit Apartment Building | $1,575,000 ($196,875/Unit) | Lake Dallas, TX 75065
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,575,000
- Property Type
-
Multifamily
- Square Feet
- 6,384 SF
Listing Contacts
Lorena Decanini
Verified Profile
- Property Info
Property Overview
Prime Investment Opportunity in Lake Dallas, TX! ***More photos to come***
Discover a rare chance to acquire a thriving multifamily property in the heart of Lake Dallas, TX. This meticulously maintained building boasts 8 spacious units, with the majority recently remodeled to offer modern comfort and style.
Situated on approximately one acre of land, this property not only offers a tranquil residential setting but also presents an exciting development potential. City approval for additional multifamily units opens the door to expanding your investment portfolio and maximizing returns in a rapidly growing market. ***Drawings will be uploaded soon***
In 2017, the City of Lake Dallas implemented their "Lake Dallas Vision 2030 Comprehensive Plan", for redevelopment of the city, and increased expectations of future development. Visit the City of Lake Dallas website to view the 178 page document and learn more.
Take advantage of existing inspiration drawings tailored for potential expansion, providing a clear vision for future development. Whether you're looking to add to your real estate portfolio or seeking a solid income-producing asset, this multifamily property promises both immediate rental income and long-term growth potential.
Don't miss out on this exceptional opportunity to own a multifamily gem in Lake Dallas. Contact us today to schedule a private showing and explore the possibilities that await you!
Most recent P&L's are available along with projected 2025 P&L's and rent roll. Must sign NDA to view documents.
Discover a rare chance to acquire a thriving multifamily property in the heart of Lake Dallas, TX. This meticulously maintained building boasts 8 spacious units, with the majority recently remodeled to offer modern comfort and style.
Situated on approximately one acre of land, this property not only offers a tranquil residential setting but also presents an exciting development potential. City approval for additional multifamily units opens the door to expanding your investment portfolio and maximizing returns in a rapidly growing market. ***Drawings will be uploaded soon***
In 2017, the City of Lake Dallas implemented their "Lake Dallas Vision 2030 Comprehensive Plan", for redevelopment of the city, and increased expectations of future development. Visit the City of Lake Dallas website to view the 178 page document and learn more.
Take advantage of existing inspiration drawings tailored for potential expansion, providing a clear vision for future development. Whether you're looking to add to your real estate portfolio or seeking a solid income-producing asset, this multifamily property promises both immediate rental income and long-term growth potential.
Don't miss out on this exceptional opportunity to own a multifamily gem in Lake Dallas. Contact us today to schedule a private showing and explore the possibilities that await you!
Most recent P&L's are available along with projected 2025 P&L's and rent roll. Must sign NDA to view documents.
Property Details
- Class
- C
- Year Built/Renovated
- 1960/2023
- Stories
- 2
- Lot Size (sq. ft)
- 43,560 SF
- Units
- 8
Highlights
- Development Opportunity
- One acre of multi-family zoned land
- Lake Dallas Vision 2030 Comprehensive Plan
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