5503 Martel Avenue Active Save Request In-Person Tour Request Virtual Tour
Dallas,TX 75206
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Adams & Whyte
MLS Listing ID 20674497
Bedrooms 5
Full Baths 3
Year Built 1948
Annual Tax Amount $15,862
Lot Size 9,147 Sqft
Property Description
Back on market due to buyers financing falling through. Fully leased all 3 units! $6575 monthly gross rent. 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.
Location
State TX
County Dallas
Interior
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplaces Number 1
Fireplaces Type Wood Burning
Exterior
Garage Spaces 2.0
Utilities Available City Sewer,City Water,Electricity Available,Individual Water Meter
Roof Type Composition
Building
Story Two
Foundation Pillar/Post/Pier
Structure Type Brick,Siding,Stone Veneer
Schools
Elementary Schools Mockingbird
Middle Schools Long
High Schools Woodrow Wilson
School District Dallas Isd
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional