FREE book: The Book on Texas Real Estate Investing — download now

6-Unit Value-Add Next to Bishop Arts District with Long, Mid, and Short-Term Rental Potential

601 S Oak Cliff Blvd, Dallas
ROI
20.81% IRR
Strategy
Short Term Rental
6-unit value-add next to Bishop Arts district with long, mid, and short-term rental potential. (4) 2 bed, 1 bath units and (2) 1 bed, 1 bath units. (5) units are occupied m2m, (1) is vacant. All units will need full cosmetics. ARV $900k+. $8800/mo gross long-term rents, $12k/mo mid-term, $14-15k/mo short-term. 5,484 sq ft 6-unit complex built in 1936. (4) 2 bed, 1 bath units and (2) 1 bed, 1 bath units. (5) units are currently occupied m2m, (1) is vacant. All units will need full cosmetics to be brought up to market rents, or to convert to a furnished mid-term or short-term rental.

Enter your email to download the proforma

< Back to Daily Deals

6-Unit Value-Add Next to Bishop Arts District with Long, Mid, and Short-Term Rental Potential

Listed 09/29/2023

601 S Oak Cliff Blvd, Dallas

Purchase Price:$675,000

Cash Outlay:$341,000

Cashflow:$2,277/mo

Cap Rate:8.72%

IRR:20.81%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Houston (Spring) Off-Market Tenant-Occupied Single Family Rental $290k

90 Yewleaf Dr, Spring

Purchase Price:$290,000

Cash Outlay:$78,300

Cashflow:$84/mo

Cap Rate:5.64%

IRR:11.95%

Long Term Rental

DFW Off-Market Tenant-Occupied Single Family Rental $300k

1411 Jesse Ramsey Blvd, Cedar Hill

Purchase Price:$300,000

Cash Outlay:$81,000

Cashflow:$136/mo

Cap Rate:6.53%

IRR:13.58%

Long Term Rental

Killeen Cashflowing Tenant-Occupied Quadplex $350k

4007 Madison Dr, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$290/mo

Cap Rate:6.98%

IRR:15.73%

Long Term Rental

DFW (Irving) Cashflowing Triplex $600k

3122–3126 Conflans Rd #3, Irving

Purchase Price:$585,000

Cash Outlay:$157,950

Cashflow:$138/mo

Cap Rate:6.27%

IRR:12.34%

Long Term Rental

DFW Expertly Maintained and Fully Leased Quadplex $610k

2722 Wimbledon Ct, Garland

Purchase Price:$610,000

Cash Outlay:$164,700

Cashflow:$343/mo

Cap Rate:6.66%

IRR:14.20%

Long Term Rental

DFW (Grapevine) Fully Leased 8-Plex in Premier Location $1.5M

717 E Texas St, Grapevine

Purchase Price:$1,500,000

Cash Outlay:$405,000

Cashflow:$1,732/mo

Cap Rate:7.37%

IRR:17.60%