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Natalie Soto

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  • Cell 972-510-4458
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1601 Baxley Street, Carrollton, TX – $2,400,000

  • $2.4M Price
  • 2.83 Acres
  • $2.4M Price
  • 2.83 Acres

1601 Baxley Street

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

Remarks

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.

Community Information

  • Address1601 Baxley Street
  • SubdivisionBaxley SFR
  • CityCarrollton
  • CountyDallas
  • StateTX
  • Zip Code75006-6044

Area

CARROLLTON/FARMERS BRANCH AREA (22)

Amenities

  • UtilitiesCity Sewer, City Water
  • Parking Spaces24

Garages

Attached, Detached, Front, Garage, Individual Carport

Interior

  • Interior FeaturesOther
  • AppliancesOther
  • # of Stories1
  • Stories1

Heating

Central Air-Elec, Central Heat-Elec, Other, Window Unit

Exterior

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

School Information

  • DistrictCarrollton-Farmers Branch ISD
  • ElementaryCarrollton
  • MiddlePerry
  • HighTurner

Listing Details

  • AgentLogan Waller
  • OfficeWaller Group LLC
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Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

Listing information last updated on December 5th, 2019 at 12:15pm CST.