$2,850,000

3328 Shepherd Ln

Balch Springs TX, 75180

Description

The 32-unit Shepherd Lane Apartments is a strong investment with some value-add potential in a growing submarket of Dallas. This property is currently operating at an NOI of $166,288 and is 90.6% occupied. Unit sizes are larger than average for the area, with 2-bedroom units featuring washer-dryer connections, private patios, and wood-burning fireplaces. Around $300,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, upstairs decking, and exterior painting. About 90% of the unit interiors have been renovated, which include: Faux wood plank flooring, new counter tops, two-tone paint, S-S appliances...

Details

MLS#14217272
Sub-TypeResale
StatusActive
Year1983
Days On Site13

Features

SQ Feet22,125
Units32
Building(s)2

Market Activity 75180

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Area Information

StateTX
CountyDallas
CityBalch Springs
Zip Code75180
AreaMESQUITE AREA (5)
Listing VS Median (in 75180)
Price:
$2,850,000
low | high
Med:
$187,450
100% of Average
SqFt:
22,125
low | high
Med:
1,753
100% of Average
$ / SqFt:
$129
low | high
Med:
$107
66.966994502054% of Average
On Site:
13
low | high
Med:
35.500000
36.619718309859% of Average
Listing Updated: 11/10/2019
MLS Number: 14217272
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.