$8,900,000$9,500,000
4153 Hyer Street 1-12University Park, Texas TX75205-1113
StatusActive Under Contract
Bedrooms2
Total Baths3
Full Baths2
Partial Baths1
Acres
0.491
CountyDallas
Subdivision4153 Hyer Condos
Year Built2007
Property TypeResidential Income
Property Sub TypeMulti Family
Description
Prime Investment Opportunity located in the highly sought after Park Cities area in Dallas, Texas. A part of the Highland Park Independent School District, this development features 12 townhomes within walking distance to Highland Park High School, shopping, and is centrally located in the most desirable area of Dallas. An award winning school system, Highland Park also has their own Police and Fire Departments making the area remarkably safe. Leased consistently and painstakingly maintained, this 12 townhome building makes for an incredible investment opportunity.
County
Dallas
Half Baths
1
Property Sub Type
Multi Family
Property Type
Residential Income
Subdivision
4153 Hyer Condos
Year Built
2007
Accessory Unit
no
Appliances
Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Basement
no
Cooling
Central Air, Electric
Fireplace Features
Gas Logs, Gas Starter
Fireplaces Total
11
Flooring
Ceramic Tile, Wood
Heating
Central, Natural Gas
Interior Features
Built-in Features, Cable TV Available, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan
Levels
Three Or More
Attached Garage
yes
Construction Materials
Brick
Covered Spaces
24
Exterior Features
Balcony, Rain Gutters, Lighting
Fencing
Metal, Wood
Foundation Details
Slab
Garage
yes
Garage Spaces
2
Lot Features
Corner Lot, Few Trees, Landscaped, Sprinkler System
Lot Size Area
0.491
Lot Size Square Feet
21387.96
Lot Size Units
Acres
Number Of Buildings
1
Number Of Parking Spaces
24
Number Of Units Total
12
Parking Features
2-Car Single Doors
Patio And Porch Features
Covered, Patio, Side Porch, Terrace
Pool
no
Roof
Composition
Utilities
City Sewer, City Water, Community Mailbox
Window Features
Window Coverings
Association Type
None
Building Area Source
Assessor
Building Area Total
23028
Country
United States
Directions
Corner of Hyer and Westchester. One street south of Lovers.
Elementary School
University
Elementary School Name
University
High School Name
Highland Park
Intermediate School Name
Mcculloch
Middle School Name
Highland Park
School District
Highland Park ISD
Waterfront
no
Accessibility Features
no
Complex Name
Hyer Condominiums
Dual Variable Compensation
no
Municipal Utility District
no
Property Match
APN
Second Mortgage
no
Smart Home Features
no
Status
Active Option Contract
US Property MUI
411209289
Will Subdivide
No
Year Built Details
Preowned
Capitalization Rate
3.18
Current Price/Lot Size
18126272.91242
Gross Annual Expenses
216372
Gross Annual Income
612000
Insurance Expense
18274
Listing Terms
1031 Exchange, Cash, Conventional
Net Operation Income
283363
Possession
Closing/Funding, Negotiable
Tax Block
2
Tax Lot
1A
Unexempt Taxes
13365
Contact - Listing ID 20249311
Debbie Murray
5015 Tracy Street, Suite 102
Dallas, TX 75205
Phone: 214-558-1004
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