UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Haskell Place
MLS Listing ID 21217514
Total Fin. Sqft 5879
Year Built 2021
Annual Tax Amount $46,839
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Business
Property Description
The property consists of four spacious 2-bedroom, 2.1-bathroom townhomes and one 1-bedroom, 1.5-bath unit, each thoughtfully designed with open-concept living, granite finishes throughout, and private rooftop decks featuring turf and stunning Dallas skyline views. All bedrooms are situated on the third floor, creating an ideal separation of living and private spaces.
Located in one of East Dallas' most desirable and walkable areas, the property is just steps from popular dining, retail, and entertainment destinations, enhancing tenant appeal and long-term rental stability. Unit 5 is currently operating as a short-term rental, providing additional income flexibility.
With no HOA currently in place, this asset presents a unique value-add opportunity. An appraisal of $2.8M is available, and the highest and best use for the property may be the creation of an HOA to facilitate the sale of individual units. This allows a buyer to capitalize on immediate equity and multiple exit strategies, including selling units individually, occupying one unit while leasing the others, or holding the property as a long-term investment.
Whether you're seeking a stabilized multifamily investment or a strategic redevelopment play, this East Dallas townhome complex offers versatility, location, and upside in one compelling package.
Location
State TX
County Dallas
Zoning Residential
Direction 4223 Delano Pl, use GPS.
Interior
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Tile, Wood
Heat Source Central, Natural Gas
Exterior
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter
Roof Type Flat
Garage No
Building
Foundation Slab
Structure Type Fiber Cement,Wood
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21217514
