12 Beds
12 Baths
9,104 Sqft Lot
12 Beds
12 Baths
9,104 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Walnut Gardens
MLS Listing ID 21124389
Bedrooms 12
Full Baths 8
Half Baths 4
HOA Y/N None
Total Fin. Sqft 6668
Year Built 1959
Annual Tax Amount $17,098
Lot Size 9,104 Sqft
Acres 0.209
Property Sub-Type Quadruplex
Property Description
Significant improvements were completed between 2019 and 2020, including newer siding, windows, and roof, along with HVAC compressors. Kitchens and bathrooms in units 3619 and 3625 were fully updated, adding immediate rental appeal and long-term value. Four long-term tenants are in place, with current leases renewed through 2026 and 2027, providing stable cash flow. Tenants pay their own utilities except for water, sewer, and trash. Priced at $1,100,000 with a 5.5% cap rate, this asset presents strong performance and solid upside in one of Dallas's high-demand rental corridors.
Conveniently located near the DART Green Line at Walnut Hill-Denton Station and close to 635, I-35E, Northwest Hwy, and Love Field, the property attracts renters seeking easy access across the metroplex. A rare opportunity to acquire a well-positioned, updated multifamily asset with dependable income and excellent proximity to major transportation, employment hubs, and retail.
INCOME, EXPENSES AND LEASE RATES POSTED IN MLS ARE THE ACTUAL NUMBERS FOR THIS PROPERTY. For more interior images, reference lease listings at MLS numbers: 13964823,14374443, and 14374435
Location
State TX
County Dallas
Direction From Walnut Hill Lane, turn north onto Bowman Blvd and right onto Rickshaw. Property will be on your left. No sign in yard.
Interior
Interior Features Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Varies
Appliance Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Heat Source Central
Exterior
Carport Spaces 4
Utilities Available Alley, City Sewer, City Water
Roof Type Asphalt,Shingle
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick,Siding
Schools
Elementary Schools Degolyer
Middle Schools Marsh
High Schools White
School District Dallas Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21124389
- 10
Walnut Hill Elementary School
Public | PK - 5
- 9
Withers Elementary School
Public | PK - 5
- 8
Stark Elementary School
Public | PK - 5
- 8
Saldivar Elementary School
Public | PK - 5
- 8
DeGolyer Elementary School
Public | PK - 5
- 7
Knight Elementary School
Public | PK - 5
- 6
Polk Center for Academically Talented and Gifted
Public | PK - 5
- 6
Nathan Adams Elementary School
Public | PK - 5
- 5
Marcus Elementary School
Public | PK - 5
- 5
Caillet Elementary School
Public | PK - 5
- 5
Burnet Elementary School
Public | PK - 5
- 5
Cabell Elementary School
Public | PK - 5
- 5
Cigarroa Elementary School
Public | PK - 5
- 5
Foster Elementary School
Public | PK - 5
- 5
Gooch Elementary School
Public | PK - 5
- 5
Williams Elementary School
Public | PK - 5
- 0
Hamilton Academy
Private | PK - KG
- 0
Uplift Education - Uplift Triumph Preparatory
Public | KG - 2
- 0
Our Lady of Perpetual Help School
Private | PK - 8
- 0
Episcopal School of Dallas PK-12
Private | PK - 12
- 10
Henry W Longfellow Career Exploration Academy
Public | 6 - 8
- 3
Medrano Middle School
Public | 6 - 8
- 3
Cary Middle School
Public | 6 - 8
- 2
Marsh Middle School
Public | 6 - 8
- 0
Letot Campus
Public | 7 - 12
- 0
The Cambridge School of Dallas
Private | 6 - 12
- 4
Jefferson High School
Public | 9 - 12
- 3
W. T. White High School
Public | 9 - 12
- 0
Ursuline Academy of Dallas
Private | 9 - 12
- 0
Jesuit College Preparatory School
Private | 9 - 12
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