Promise Land Realty
Oct 30, 20232 min
Updated: Feb 22
Multifamily Investment Opportunity
Price
Off-Market Investment Opportunity:
5702 and 5704 Victor Street, Dallas, TX 75214
Property Overview:
Properties: 5702 and 5704 Victor Street
Location: Dallas, TX 75214
Offering: Two buildings, sold as a package
One 8-unit building
One 4-unit building
Separated by a shared driveway
Additional Features: Off-street parking lot
Asking Price: $2,150,000
Property Highlights:
Condition: These properties are in very good condition, meticulously maintained, and fully occupied.
Rental Income: The current owner rents each unit for $2,000 monthly, resulting in a total monthly income of $24,000.
Expenses: Monthly expenses are approximately $5,000, which includes property management. It's worth noting that the owner uses a personal friend for property management, so adjustments can be made as needed.
Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Photos:
https://drive.google.com/drive/folders/1vZhfA4adVlTFRvRhMsWQtjVNLSg-pHaH?usp=drive_link
Investment Potential:
Cap Rate: A robust 10% cap rate is achievable, excluding property management costs.
Expansion Opportunity: There is room for expansion in the 4-unit building.
Well-Sought Area: The properties are located in a highly desirable area with strong rental demand.
Recent Renovations: Recent property renovations have ensured that all systems are either newly replaced or functioning optimally.
Seller's Motivation: The current owner has taken exceptional care of the physical property but acknowledges poor financial management. They are now looking to divest from this asset and explore investments in other sectors. Full financial transparency is provided, and all relevant rent rolls are attached.
Please Note: If you are interested in this exceptional investment opportunity, please forward a Letter of Intent (LOI), and we will take it from there.
These properties at 5702 and 5704 Victor Street offer immediate rental income, expansion potential, and a prime location in a sought-after area of Dallas. Don't miss the chance to add this investment package to your portfolio.
Aerial View
Property Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*