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Listing provided courtesy of Onyx Legacy Realty LLC- MLS# 21217562MLS ProviderContact Information: Mark Allen

2401 Berwick AvenueDallas, TX 75203

Multi-Family · 16 Beds · 16 Full Baths · 3,960 Sq. ft. | 0.63 Acres
$1,500,000 Active

2401 Berwick Avenue Overview

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This multi-family property at 2401 Berwick Avenue presents a prime investment opportunity for discerning buyers seeking to maximize their return on investment. With a strong rental history and significant potential for increased rental income, this property offers a lucrative avenue for long-term financial growth and wealth accumulation. Enjoy a stable and consistent income stream with this well-maintained multi-family property. The current tenants provide a reliable source of rental income, ensuring steady cash flow and financial security for the future. This property is an ideal choice for investors looking to secure a dependable and appreciating asset in a thriving market. Situated in a desirable and growing location, this property holds immense potential for value appreciation. With strategic renovations, updated amenities, or rent adjustments, there is ample opportunity to enhance the property's market value and increase rental revenue. The location's strong demand for housing further solidifies the property's ability to deliver sustained profitability and long-term success. Don't miss out on this exceptional investment prospect. Act now to capitalize on the future growth and profitability potential of 2401 Berwick Avenue. Secure your foothold in a competitive market and take the next step toward financial success with this prime multi-family property.

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2401 Berwick Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,960
  • Price/Sq.ft. $379
  • Lot 0.63 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Cedar Crest
  • Middle Or Junior School: Oliver Wendell Holmes
  • High School: Roosevelt

Income/Expenses

  • Gross Income: 174092.0
  • Insurance Expense: 21450.0
  • Net Operating Income: 106681.0

Building Information

  • Year Built: 1951
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Corinth Heights

Tax Information

  • Tax Annual Amount: 32143.0

General Information

  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 16
  • Bathrooms Total: 16
  • Bedrooms Total: 16

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 3960.0

General Information

  • Appliances: Electric Cooktop,Electric Range,Disposal,Refrigerator
  • Flooring: Carpet,Ceramic Tile,Tile
  • Foundation Details: Slab
  • Interior Features: Cable TV
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Common
  • Parking Total: 16.0

Lot Information

  • Lot Size Acres: 0.627
  • Lot Size Area: 0.627
  • Lot Size Square Feet: 27312.12
  • Lot Size Units: Acres
  • Number Of Buildings: 1

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,Frame,Wood Siding
  • Roof: Asphalt

General Information

  • Number Of Units Total: 16
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 14

Unit 2 Details

  • Unit Type: 1 Bedroom
  • Units Total: 2

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2401 Berwick Avenue Market Data

Based on the last 30 days in this zip code

$596,586
Average List Price
$228
Average Price per Square Foot
6
Properties Sold
100
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network


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