5503 Martel Avenue Save Request In-Person Tour Request Virtual Tour
Dallas,TX 75206
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Option Contract
Purchase Type For Sale
Subdivision Adams & Whyte
MLS Listing ID 20674497
Bedrooms 5
Full Baths 3
HOA Y/N None
Total Fin. Sqft 3263
Year Built 1948
Annual Tax Amount $15,862
Lot Size 9,147 Sqft
Acres 0.21
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
Direction USE GPS.
Interior
Interior Features Built-in Features
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Dishwasher,Disposal,Electric Cooktop,Electric Oven,Electric Water Heater
Heat Source Central
Exterior
Garage Spaces 2.0
Carport Spaces 2
Utilities Available City Sewer,City Water,Electricity Available,Individual Water Meter
Roof Type Composition
Garage Yes
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick,Siding,Stone Veneer
Schools
Elementary Schools Mockingbird
Middle Schools Long
High Schools Woodrow Wilson
School District Dallas Isd
Others
Ownership 821 WEST OAKDALE LLC
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional