3650 Rickshaw Drive
Dallas, TX 75229
$1,075,000
12 beds
8 baths
Description
Stable income! Major capital improvements! Desirable floor plans! This fully occupied fourplex delivers the qualities investors value most, combining immediate cash flow with thoughtful ownership and significant recent improvements in one of Northwest Dallas' most established rental markets. Each townhome-style residence offers approx 1,600 square feet, 3 beds, 2 full baths, spacious living and dining areas, refrigerators included, abundant storage, oversized walk-in closets, and a unique floor plan that has proven attractive to long-term tenants. Every unit includes one assigned covered and one assigned uncovered parking space for a total of eight assigned spaces. Unit sq ft is approx and should be independently verified by Buyer and Buyer's Agent. The current owner has consistently invested in preserving and improving the property, completing a foundation repair for Unit 3650 in 2023, a complete sewer line replacement in 2024, fresh interior and exterior paint, professionally updated landscaping, exterior improvements, and ongoing preventative maintenance. These completed improvements help reduce future capital expenditures while protecting the property's long-term performance. All four units are leased through 2027, providing stable occupancy and predictable rental income. Property generates an additional $175 per month in water, sewer and trash reimbursement income. Income, expenses, lease information, and current rental rates available in MLS reflect the property's actual operating performance. Conveniently located near I-35E, I-635, Love Field Airport, Downtown Dallas, and the Medical District, the property offers convenient access to major retail, dining, and everyday amenities that continue to support strong tenant demand. For investors seeking an asset with established income, desirable tenant amenities, documented capital improvements, and a history of attentive ownership, this property offers an exceptional foundation for long-term portfolio growth!
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Thomas C. Marsh Preparatory Academy | 7 - 8 | Regular |
| W.T. White High School | 9 - 12 | Regular |
| Everette L. DeGolyer Elementary School | PK - 6 | Regular |
| Unassigned | EE - EE | Regular |
| 4 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.