7126 Holly Hill Dr, Dallas, TX 75231
- $475,000
- 9
- BD
- 9
- BA
- List Price
- $475,000
- MLS#
- 21383596
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1983
- Construction Status
- Preowned
- Bedrooms
- 9
- Full Baths
- 9
- Acres
- 0.92
- County
- Dallas
- City
- Dallas
- Subdivision
- Parktown Collection Condos
- Building Name
- Park Town
Property Description
Nine individually deeded condominiums offered as a single portfolio. Eight units are leased and producing $74,160 in scheduled annual rent, with one unit delivered vacant and available to renovate or re-lease. Association dues of $105.22 to $128.79 per unit monthly are exceptionally low for condominium ownership, and the association maintains exteriors, roofs, grounds and common areas at that cost. At list the portfolio prices near $83 per square foot across 5,730 square feet — below every individual unit sale recorded in this community over the past eighteen months, which closed between $85.01 and $115.92 per foot. That is $52,778 a door against individual sales of $55,000, $57,000, $65,000 and $75,000. Per Dallas CAD, these nine units represent 30% of Park Town's 30 total units. Each unit is separately deeded and separately taxed, giving an owner exits that conventional apartment stock cannot: hold for income, finance in tranches, or sell units individually over time. Two miles to NorthPark Center, three to SMU, walking distance to the White Rock Creek Greenbelt. Fourteen additional units at Copperrun, same street, available separately at $875,000 or as a 23-unit package for $1,300,000 on simultaneous close. Vacant unit available to tour by appointment; occupied units shown after contract. Do not disturb tenants.
/u.realgeeks.media/mattwatson/agent_pic_sidebar.jpg)
Additional Information
- Unexempt Taxes
- $2,316
- HOA Fees
- $118
- HOA Freq
- Monthly
- Lot Size
- 39,988
- Acres
- 0.92
- Interior Features
- Pantry
- Flooring
- Carpet, Laminate
- Foundation
- Slab
- Roof
- Composition
- Stories
- 2
- Pool Features
- None
- Parking Garage
- Assigned, Covered
- School District
- Dallas Isd
- Elementary School
- Jack Lowe Sr
- Middle School
- Tasby
- High School
- Conrad
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Deborah Byrd from League Real Estate. Contact: 817-523-9113
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
Last updated: