1601 Baxley Street, Carrollton

  • Price$2,400,000

This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.

Essential Information

  • MLS® #14084330
  • Price$2,400,000
  • Bathrooms0.00
  • Acres2.83
  • Year Built1952
  • TypeMulti-Family
  • Sub-TypeMultiple Single Units
  • StatusActive

Amenities

  • UtilitiesCity Sewer, City Water
  • Parking Spaces24
  • GaragesAttached, Detached, Front, Garage, Individual Carport

Exterior

  • RoofComposition
  • ConstructionFrame/Brick Trim, Siding, Wood
  • FoundationPier & Beam

Listing Details

  • Listing Agent:Logan Waller
  • Listing Office:Waller Group Llc

Community Information

  • Address1601 Baxley Street
  • AreaCARROLLTON/FARMERS BRANCH AREA (22)
  • SubdivisionBaxley SFR
  • CityCarrollton
  • CountyDallas
  • StateTX
  • Zip Code75006-6044

Interior

  • Interior FeaturesOther
  • AppliancesOther
  • HeatingCentral Air-Elec, Central Heat-Elec, Other, Window Unit
  • # of Stories1
  • Stories1

School Information

  • DistrictCarrollton-Farmers Branch ISD
  • ElementaryCarrollton
  • MiddlePerry
  • HighTurner
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Listing information last updated on July 19th, 2019 at 6:16pm CDT.