$2,760,000

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 $165,982 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. Over $310,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, and exterior painting. About 90% of the unit interi.... For full financials, Offering or Tour Procedures, please view the Offering Memorandum attached in the MLS Transaction Documents.

Details

MLS#14318950
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1983
Days On Site51

Features

SQ Feet22,400
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:
$2,760,000
low | high
Med:
$198,000
100% of Average
SqFt:
22,400
low | high
Med:
2,100
100% of Average
$ / SqFt:
$123
low | high
Med:
$94
73.478260869565% of Average
On Site:
51
low | high
Med:
37
100% of Average
Listing Updated: 05/28/2020
MLS Number: 14318950
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.