Dallas, TX 75227,9571 Gonzales Drive
Dallas, TX 75227,9571 Gonzales Drive
Dallas, TX 75227,9571 Gonzales Drive
7
$280,000
Est.Price: ?

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4 BD
4 BA
3,310 Sqft Lot

9571 Gonzales Drive Dallas, TX 75227

Est. payment /mo
SOLD DATE : 03/22/2024

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Park Independence

MLS Listing ID 20540907

Bedrooms 4

Full Baths 4

Year Built 1982

Annual Tax Amount $7,028

Lot Size 3,310 Sqft

Property Description

9571 & 9575 Gonzales is a duplex that is currently fully occupied by long-term tenants. Unit 9575 is currently leased for $1350 per month on a month-to-month basis, while unit 9571 is leased for $1400 per month until August 2024. This presents a potential opportunity to increase the value of the property. The comparable rental prices suggest that rents of up to $1600 per unit are achievable with some renovations. After renovation, the property can be sold for $200k per unit. Both units are identical with 2 bedrooms and 2 bathrooms each, and mirror each other in layout. Unit 9575 has a larger yard because it is on the corner. A recent appraisal came in above list price, giving the new owner instant equity.

Location

State TX

County Dallas

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Building

Story One

Foundation Slab

Structure Type Brick

Schools

Elementary Schools C A Tatum Jr

Middle Schools Ann Richards

High Schools Skyline

School District Dallas Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Jacob Stevenson • Compass RE Texas, LLC.
Bought with Jodi Fuller • Caple & Company

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Tia Hicks

Agent | License ID: 816807

+1(469) 544-5076

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