- For Sale $1,500,000
- Property Type Multi-Family
- Property Size 5,010 SF
- Units 8
- Lot Size 7,248 SF
- Additional Rent Contact for pricing
- # of Floors 3
- Parking Spaces Avail. 8
- Parking Ratio 1.60 / 1,000 SF
- Building Class B
- Year Built 1986
- Date Updated Jun 6, 2024
- Website vimeo.com
The offering is a well maintained, performing eight-unit apartment complex in the Lower Greenville area. It is 100% occupied and has a walk score of 79.
The Class-B property was built in 1986. Per DCAD, the building square footage is approximately 5,010. The lot is approximately 7,248 sq ft. The roof is pitched with composition shingles. The foundation is slab. The HVAC is provided by individual central HVAC and mini split systems. All units have W/D connections. All unit utilities are individually metered and are paid for by the tenants. Parking is off street and gated.
The owners had been operating 6 of the 8 units as Short-Term Rental (STR) units until March of 2024. The management company they employed did an excellent job of keeping the STR units occupied until it was sold. The owners decided to convert the STR units to standard leased units and sell the property. Financial data is not available as it is mostly based on STR income and expenses not standard lease income and expenses.
Recent CapEx improvements include:
• New Roof - 2020
• HVAC Replaced - 6 of 8 HVAC (in 4 years), other two replaced by previous owner
• Exterior Painted fence & stucco, install new wood decks, new wood ceilings
• Exterior contemporary porch & door lighting
• Updated contemporary interior, painted cabinets, etc.
• New landscaping, low maintenance
• Washer & Dryers 7 of 8 units
According to the Realtors Property Resource Trade Area report for Dallas, TX 76206:
• The Average Household Income is $125,736
• The Average Disposable Income is $92,160
• The Median Household Income is $78,537
• The median age is 33.7 years
• The average household size is 1.71
• The ZIP code has a Median Estimated Home Value of $647,990, which has increased 7.8% over the last twelve months
Lower Greenville is a quaint neighborhood and entertainment district in east Dallas. There are many popular bars, noteworthy restaurants, boutique stores and live music venues. The streets are always buzzing with activity, especially at night with its exciting nightlife scene.
The area is an excellent rental market due to its proximity to employment centers and the central business district of Dallas. It is home to new upscale or remodeled historic homes, White Rock Lake, the Dallas Arboretum, eclectic restaurants, entertainment, shopping and has easy access to major thoroughfares.
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Location
Getting Around
-
Walk Score ®
79/100 Very Walkable
-
Transit Score ®
42/100 Some Transit
-
Bike Score ®
65/100 Bikeable
- City Dallas, TX
- Neighborhood Lower Greenville
- Zip Code 75206
- Market Dallas Fort Worth
Points of Interest
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Cityplace West & Noble
1.89 miles
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Blackburn
1.90 miles
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Cityplace West & McKinney
1.93 miles
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Cole & West Village
2.01 miles
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McKinney & Lemmon
2.05 miles
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Baylor University Medical Center
2.07 miles
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Fair Park
2.11 miles
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McKinney Plaza
2.16 miles
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Cole & Bowen
2.25 miles
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McKinney & Sneed
2.27 miles
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Exxon
0.42 miles
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Shamrock
0.46 miles
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Valero
0.90 miles
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Exxon
1.27 miles
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Exxon
1.33 miles
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7-Eleven
1.45 miles
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Valero
1.49 miles
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Shamrock
1.53 miles
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eVgo
1.65 miles
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Texaco
1.65 miles
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Buckner Park Lot
1.20 miles
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Residence Parking
1.52 miles
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DTS Commuter Lot
1.55 miles
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Residence Parking
1.61 miles
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Platinum Park
1.93 miles
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Moody Parking Garage
2.24 miles
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Binkley Parking Garage
2.24 miles
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Airline Parking Center
2.58 miles
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Sheraton Guest Parking
2.66 miles
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Elm Street Garage
2.70 miles
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La Quinta Inn
1.40 miles
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Best Western
1.44 miles
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Quality Inn & Suites Dallas-Cityplace
1.46 miles
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Highland Hotel
1.82 miles
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Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White
1.87 miles
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The Beeman Hotel
2.06 miles
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Palace Suites Dallas
2.13 miles
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Bailey's Uptown Inn
2.34 miles
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The Lumen
2.41 miles
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HALL Arts Hotel, Dallas, Curio Collection by Hilton
2.50 miles
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Tacos Mariachi
0.37 miles
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The Halal Guys
0.37 miles
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Taco Cabana
0.38 miles
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Tacos y Mas
0.40 miles
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Hinodeya
0.43 miles
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McDonald's
0.44 miles
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Subway
0.46 miles
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Taqueria Lola
0.46 miles
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Charlie's Creole Kitchen
0.46 miles
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Chipotle
0.69 miles
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William Lipscomb Elementary School
0.55 miles
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John F Kennedy Learning Center
0.63 miles
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Geneva Heights Elementary
0.84 miles
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IDEA PLC High School at Fannin
0.87 miles
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Woodrow Wilson High School
0.91 miles
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J L Long Middle School
0.94 miles
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Texas Can Academy
0.99 miles
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Peak Preparatory School
1.01 miles
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Solar Preparatory STEAM School for Girls
1.07 miles
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Lakehill Preparatory School
1.13 miles
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Swiss Learning Center
1.62 miles
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Parent Day Out
2.76 miles
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Little Rascals II Daycare & Learning Center
5.90 miles
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Lil Rascals Learning Center
6.96 miles
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Cornerstone Learning Center
8.35 miles
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Apple Tree Christian Academy
8.68 miles
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Little Scholars Academy
8.86 miles
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Handprints Academy
9.17 miles
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Jerry Junkins Head Start
9.55 miles
Frequently Asked Questions
How much does 5969 Lewis St cost?
The space currently listed for sale at 5969 Lewis St asks for $1,500,000.
What is the total square footage of 5969 Lewis St?
5969 Lewis St totals 5,010 square feet.
When was this property built?
5969 Lewis St was built in 1986.
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Contact Listing Broker
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Keith Auten
Auten Realty