2318 Poplar St, Dallas, TX 75215

2318 Poplar St, Dallas, TX 75215

$400,000 After Repair Value -
$300,000 Asking Price -
$0 Cost of Repairs =
$100,000 Potential Profit

Property Details

Asking Price $300,000

After Repair Value $400,000

Costs of Repairs $0

Potential Profit $100,000

Living Area 1500 ft2

Property Type Multi-Family

Bedrooms 5

Bathrooms 5

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

5 Units (ensuite) + Puma Camper (RV)
Year Built: 1930
Lot Size: 7,457 SqFt
Air Conditioning Type: Central
Heating Type: Central
Heating Fuel Type: Gas
All units come with a bed, dresser with kitchenette, and bathroom.
New vinyl flooring and new couch, and new kitchen faucet. New water valve. Awnings, security lights, and dawn-dusk. Commercial infrared heater. New interior decking n beams.
Dirt and stone on all sides of the house run away rainwater even if gutters fail. All new sheetrock. The bottom siding is cement boards, not wood.
Each unit (ensuite) has 1 bed, 1 bath, and a kitchenette
Each unit rented for $700 / month
Fully separated
Puma Camper: $550 / month and pays for utilities plus city tax.
2022 Rental income - $39,328
Current monthly income $4,050
Annual tax: $2,867
%100 occupied
Newly renovated
COE: Aug 21, 2023
Asking $300,000
ARV $400,000


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