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"posted a good deal on your website & got LOTS of response, you're better than Craigslist!!"
- Rissa C., Gainesville, Texas
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JUST REDUCED; Easy Ca$h flow on Gaston AV in Dallas - TriPlex+Garage Apt | share this deal
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Esimated Repairs: 3000-30000
Asking Price: $100,000
Call me for more info: Kai Johnson #214-563-7977
JUST REDUCED $8K....Time is Critical on this one: CALL TODAY
This property is in pretty good shape for immediate occupancy... just really needs some
cleanup, cosmetics, and moderate handyman attention. It has recently become totally vacant, and the owner is singing the landlord blues, having been overwhelmed with management and maintenance duties over the years. This is a great opportunity for someone to take advantage of the situation and step in and rent as is with little work/cash outlay required, or invest a little time and money and make this into a real CASH COW (MOOOOO!!).
Where: 4522 Gaston Ave, Dallas, Tx 75246
Click HERE for map
What..: Triplex (1826sf) + Garage Apartment (500sf) (4 units, total sf approx 2326)
Consisting of:
Triplex Unit 1 1 bed/1 bath/living approx 700sf
Triplex Unit 2 2 bed/1 bath/living approx 750sf
Triplex Efficiency 1 bed/1 bath/living approx 376sf
Garage Apt 1 bed/1 bath/living approx 500sf (not shown on county records)
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total sf 2326sf
Garage: 3 bays, 700sf total.
Note: county shows the 3 triplex units for address 4522 Gaston ( but sq footage has been
reapportioned among the units because of layout changes. So, individual unit sf
is inaccurate, but total Triplex sf of 1826 is accurate. Note approx 500sf for
garage apt is not included because it is considered part of the garage).
DESCRIPTION:
Zoned Multifamily (Lots of Renovation going on in this HOT area !!!!! )
This is a former residence converted to a Triplex
Separately Metered Units
Updated Electric
All Electric
Built 1908
Pier and Beam
4 stoves, 3 refrigerators (4 yrs old), 6 window units, included with sale4 water heaters all relatively new
FIGURES: Latest verifiable rental income
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Triplex Unit 1 $600/mo
Triplex Unit 2 $650/mo
Triplex Efficiency $425/mo
Garage Apt $550/mo
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Total Monthly income $ 2225/mo
Seller paid water/sanitation totaling approx $160-$180/mo
(Seller to supply latest Leases, water bill, survey etc. for review)
Your VIP Price: $ 108,500
This property is currently VACANT. 2 units were vacated within last 2 weeks and owner is not trying to find new tenants. Other 2 have been vacant since around Sept-Oct 2009.
REPAIRS for Immediate Occupancy (estimated $3000 - $5,000)
General Cosmetics: paint or paint touchup.
Some flooring repair or replacment.
Some exterior Carpentry work on Garage Apt.
Kitchen sink/faucet/cabinet for Garage Apt.
Some moderate handyman work on all interiors
Refridge for 1 unit
Note: heat for occupants is from portable electric heaters
and A/c is from window units
Possible Longterm Upgrades/Repairs (15,000-20,000)
Central heat and air for all units $ 8,000-$11,000
Garage structural Repair&doors $ 2,500
New Windows $ ??
Driveway repair/replacement $ ??
Miscellaneous $ 3,500
Sales Details:
Selling AS IS.
This is an assignment of contract.
CASH or HARD MONEY required.
Proof of funds (if I dont know you)
Buyer pays all closing costs.
Buyer buys title policy (if desired).
$2000 non-refundable deposit required at
contract assignment after
satisfactory property inspection.
  
4522 Gaston Av, Dallas, TX
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