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Listing 7 out of 691
$2,500,000 For Sale

5209 Capitol Avenue
Dallas, TX 75206

16 units | Multi Family Home
19994 sq ft lot - MLS# 13773960
Property Photo
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Description

Magnolia Apartments is the best located asset for this submarket. The property is well located and is visible to those traveling along Henderson Avenue. The subject property offers an investor the opportunity to purchase a property in excellent condition with minimal deferred maintenance while increasing rents which are below market. The property’s exterior is attractive and compromised mainly of brick. Constructed in 1950 with a pier and beam foundation and pitched composite shingle roofs, units have hard wood flooring, countertops, fixtures and cabinets. Air conditioning is delivered via individual HVACS.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment/5Plex+
  • Listing Status: Active
  • County/Area: Dallas County
  • Zip Code: 75206
  • Year Built: 1950
  • Subdivision/Neighborhood: Bon View Place
  • School District: Dallas ISD
  • Elementary School: Leerobert
  • Middle School: Long
  • High School: Wilson
  • Stories: 2
  • Units: 16 units
  • # of Parking Spaces: 16
  • Lot Size: Less Than .5 Acre (Not Zero)
  • Acres: 19994 sq ft lot
  • Area: DALLAS EAST (12), EAST DALLAS (11)
  • Building Area Source: Tax
  • Complex Name: The Magnolia On Cap
  • Construction Materials: Brick
  • Flooring: Wood
  • Foundation Details: Pier & Beam
  • Gross Annual Expenses: 88809
  • Gross Annual Income: 220048
  • Heating: Central Air-Elec, Central Heat-Gas
  • Insurance Expense: 14400
  • Lot Number: 14
  • Lot Size Area SQFT: 19994.04
  • Lot Size Units: Acres
  • Net Annual Income: 131238
  • Number Of Buildings: 3
  • Occupancy Rate: 100
  • Other Equipment: Range/Oven-Gas, Refrigerator
  • Parking Features: Common Lot
  • Roofing: Composition
  • SQFT Building: 10920
  • Utilities: City Sewer, City Water
  • Year Built Details: Preowned
Courtesy of Perry Guest Company

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Jo Antovoni

Jo Antovoni
Berkshire Hathaway HomeServices
PenFed Realty Texas
Dallas, TX 75225

972-679-6343
Contact Me

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Jo Antovoni | 972-679-6343 | Contact Me
8115 Preston Rd, Suite 110 - Dallas, TX 75225
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