Homes for sale - 5503 Martel Avenue, Dallas, TX 75206

Brian Haile

Broker Associate | License ID: 0648651

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$ 995,000

Est. payment -/mo

Sold on 12/11/2024

5503 Martel Avenue Dallas, TX 75206

5 Beds

3 Baths

9,147 Sqft Lot

UPDATED:

Key Details

Sold Price $995,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Adams & Whyte

MLS Listing ID 20674497

Sold Date 12/11/24

Bedrooms 5

Full Baths 3

HOA Y/N None

Total Fin. Sqft 3263

Year Built 1948

Annual Tax Amount $15,862

Lot Size 9,147 Sqft

Acres 0.21

Property Description

Fully leased all 3 units! $6575 monthly gross rent. 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.

Location

State TX

County Dallas

Direction USE GPS.

Interior

Interior Features Built-in Features

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplaces Number 1

Fireplaces Type Wood Burning

Appliance Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater

Heat Source Central

Exterior

Garage Spaces 2.0

Carport Spaces 2

Utilities Available City Sewer, City Water, Electricity Available, Individual Water Meter

Roof Type Composition

Garage Yes

Building

Story Two

Foundation Pillar/Post/Pier

Level or Stories Two

Structure Type Brick,Siding,Stone Veneer

Schools

Elementary Schools Mockingbird

Middle Schools Long

High Schools Woodrow Wilson

School District Dallas Isd

Others

Ownership 821 WEST OAKDALE LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Peter Mester • BK Real Estate LLC
Bought with Laura Graves • Allie Beth Allman & Assoc.

Brian Haile

Broker Associate | License ID: 0648651

+1(254) 485-1827

GET MORE INFORMATION

5503 Martel Avenue Dallas, TX 75206

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5503 Martel Avenue