4512 Swiss Avenue
Dallas, TX 75204
$1,190,000
4 beds
4 baths
Description
Located in the A.C. Ardreys area of Dallas Texas in Dallas County, this fully leased fourplex investment property offers approximately 4,200 square feet across four 1 bedroom, 1 bathroom units near Downtown Dallas, Deep Ellum, Baylor University Medical Center & US-75. The location provides convenient access to major employment centers, public transportation, dining, entertainment & urban amenities throughout central Dallas. Investors seeking multifamily properties in Dallas Texas with immediate cash flow may appreciate the property's 100% occupancy, established rental history & value-add potential through future rent adjustments. Each unit offers approximately 950 square feet, providing larger-than-average floor plans for the area that support tenant demand & retention. Extensive improvements include foundation stabilization with approximately 30 piers installed, beam replacement, renovated kitchens & updated bathrooms throughout all units. Interior features include granite countertops, natural woodwork, open floor plans, walk-in closets, gas ranges, gas ovens, dishwashers, disposals & microwaves. Additional improvements include a renovated & landscaped backyard that creates an inviting shared outdoor space for residents. Property financials include approximately $83,100 gross annual income, $73,100 net income & a reported 6.14% cap rate. The property is served by Zaragoza Elementary, Spence Middle School & North Dallas High School within Dallas ISD. This property offers a strong combination of immediate income, updated systems & positioning within the Dallas Texas multifamily investment market.
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| North Dallas High School | 9 - 12 | Regular |
| Alex W. Spence Talented/Gifted Academy | 6 - 8 | Regular |
| Ignacio Zaragoza Elementary School | EE - 5 | Regular |
| 3 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.