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$475,000
96 Days Online

1724 Pear Street
Dallas, TX 75215

For Sale|Multi-Family|Active Contingent
Subdivision:
Colonial Anx Add
County:
Dallas

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

1724 Pear Street1724 Pear Street1724 Pear Street1724 Pear Street
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Presenting the 83.3% occupied, 6-unit value-add property in Dallas, TX. The property is available because current ownership is looking to reinvest proceeds. The subject property has been completely renovated with new plumbing, electrical, roof, windows, flooring, cabinets, fixtures, and more. Current ownership has invested over $164,000 in capital improvements over the last 5 years into the property with over $34,000 of capital improvements made over the last 6 months. New ownership, based upon area rent comps, can raise rents up to $72 per unit, which is a $0.11 per sqft bump. With this bump, new ownership can achieve an annual NOI of $35,178. Additionally, there is the opportunity to implement additional income through lease violation fees and parking fees. Proforma financials were underwritten with a 5% management fee.

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Listing Snapshot
Price 
$475,000
Days Online 
96 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,720 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.139 Acres
Year Built 
1925
MLS Number 
20098246
Status 
Active Contingent
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS
5 days agoStatus changed to Active Contingent
3 months agoPrice changed to $475,000
3 months agoListing first seen online
General Features
Parking 
Other
Interior Features
Utilities 
City SewerCity Water
Interior Features 
Cable TV AvailableHigh Speed Internet Available
Heating 
Electric
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Exterior Features
Roof 
Composition
Pool 
No
Schools
School District
Dallas ISD
Elementary School
Central
Middle School
Gaston
High School
Carter
Listing courtesy of Logan Waller of Waller Group LLC



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Last Updated: 2022-10-02 04:30 AM CDT

Neighborhood & Commute
Source: Walkscore
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