Grand Prairie, TX 75050,1809 Roman Road
$300,000
Est.Price: ?

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6 BD
6 BA
3,516 SqFt

1809 Roman Road Grand Prairie, TX 75050

Est. payment /mo
SOLD DATE : 06/30/2020

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,516 sqft

Price per Sqft $85

Subdivision Holiday Hill Estates

MLS Listing ID 14347548

Bedrooms 6

Full Baths 6

Year Built 1969

Annual Tax Amount $3,353

Lot Size 6,359 Sqft

Property Description

This 4-plex property in Grand Prairie, TX is currently operating at an NOI of $19,631 and is 100% occupied. The property consists of two 1BD-1BA units and two 2BD-2BA units. This is a value-add investment, presenting new ownership with the opportunity to add washers and dryers in each unit in either the kitchen or bedrooms and implement RUBS at $50-unit to recover apx 80% of annual water-sewer expense. Adding these features will allow new owner to increase rents to $700 for 1 bed units and $750 for 2 bed units. Pro Forma NOI is $22,118 at a 7.37% cap rate...View the OM in attachments for showing and offer instructions.*** Prior purchase failed to perform. Back on market!

Location

State TX

County Dallas

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Fireplaces Type Wood Burning

Exterior

Utilities Available City Sewer, City Water, Sidewalk

Roof Type Composition

Building

Story Two

Foundation Slab

Structure Type Frame,Wood

Schools

Elementary Schools Eisenhower

Middle Schools Adams

High Schools Grand Prairie

School District Grand Prairie Isd

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Logan Waller • Waller Group LLC
Bought with Rocky Presley • New Western Acquisitions

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Rhaven Holmes

Agent | License ID: 0805783

+1(972) 528-0601

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