$200,000
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3 Beds
3 Baths
524 SqFt
SOLD DATE : 01/04/2022
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 524 sqft
Subdivision Royal Lane Highlands Condos
MLS Listing ID 14710264
Sold Date 01/04/22
Bedrooms 3
Full Baths 3
HOA Fees $231/mo
HOA Y/N Mandatory
Total Fin. Sqft 524
Year Built 1983
Annual Tax Amount $1,409
Lot Size 1.224 Acres
Acres 1.224
Property Sub-Type Multi Family
Property Description
This listing is for 3 separate condos in one condo complex. All condos are tenanted, and all tenants have been present for at least a year. All units are rented out at below market rent, which is now $700-800 per month, depending on condition. All units are 1 bed, 1 bath units, about 500 sqft., with 1 assigned parking space each. 1 unit is a 1st floor unit, and the other 2 are 3rd floor units. A package of 4 condos in this same complex sold for $65K per unit early this year, and that was before serious market appreciation. The past few units have all sold for around $75K per unit. Please understand that viewings prior to contract may not be possible due to difficulty scheduling a single showing with 3 tenants.
Location
State TX
County Dallas
Direction Please use GPS.
Interior
Interior Features Multiple Staircases, Other
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Dishwasher, Electric Oven, Microwave
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Skyview
Middle Schools Forest Meadow
High Schools Lake Highlands
School District Richardson Isd
Others
Ownership See Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with Nkechi Eche • Keller Williams Frisco Stars
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