1414 Record Crossing Road Dallas, TX 75235
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Arlington Park Estates Sec 04
MLS Listing ID 21395111
Bedrooms 9
Full Baths 6
HOA Y/N None
Total Fin. Sqft 3680
Year Built 2004
Annual Tax Amount $13,656
Lot Size 9,757 Sqft
Acres 0.224
Property Sub-Type Triplex
Property Description
The numbers make this location particularly attractive for a buy-and-hold investor. Approximately 75% of occupied households in 75235 are renter-occupied, while roughly 90% of the area's housing units are occupied. Current rents range from $1,495 to $1,595 per unit, providing established income from day one with potential opportunity for future rent growth as leases turn and market conditions allow. Current market data places median rent in 75235 around $1,663 per month, giving investors another reason to evaluate the property's future income potential.
The long-term story may be even more compelling. Record Crossing sits in Dallas' major medical and employment corridor, near UT Southwestern Medical Center, Parkland Memorial Hospital and Children's Medical Center, with convenient access to Love Field, Downtown Dallas and major highways. This concentration of healthcare, employment and transportation infrastructure provides a strong economic anchor for the surrounding rental market.
Three units. Three existing tenants. $55,020 in scheduled gross annual rent. For investors looking for immediate income, diversified rent across multiple units and long-term appreciation potential in a heavily renter-occupied Dallas submarket, 1414 Record Crossing deserves a closer look.
Click the Virtual Tour link to view the 3D walkthrough. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
Location
State TX
County Dallas
Community Curbs, Sidewalks
Direction From Downtown Dallas, take I-35E N, exit at Commonwealth Dr, make a U-turn, and stay on the service road. Turn right onto Record Crossing Rd; the property will be on the right.
Interior
Interior Features Decorative Lighting, Open Floorplan
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Terrazzo
Appliance Dishwasher, Disposal, Microwave
Heat Source Central
Exterior
Exterior Feature Rain Gutters, Lighting
Carport Spaces 2
Community Features Curbs, Sidewalks
Utilities Available Cable Available, City Sewer, City Water, Curbs, Electricity Available, Phone Available, Sewer Available, Sidewalk
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Rock/Stone,Siding
Schools
Elementary Schools Hernandez
Middle Schools Rusk
High Schools North Dallas
School District Dallas Isd
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.zillow.com/view-imx/11f5c6a0-9bc0-4041-b78d-5138dc5975b9?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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