TX > Dallas > Adams & Whyte
Dallas, TX 75206,5503 Martel Avenue
Dallas, TX 75206,5503 Martel Avenue
Dallas, TX 75206,5503 Martel Avenue
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$995,000
Est. payment /mo
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5 BD
3 BA
9,147 Sqft Lot
Active Option Contract

5503 Martel Avenue Dallas, TX 75206

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Joe McCalip

Joe McCalip

+1(972) 834-6442

UPDATED:

11/18/2024 09:42 PM

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2024 North Texas Real Estate Information Systems.
Listed by Peter Mester • BK Real Estate LLC

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Joe McCalip

Team Lead | Agent | License ID: 0642138

+1(972) 834-6442

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5503 Martel Avenue