Dallas 6-Plex $1.1M
2401 Doreen St, Grand Prairie
ROI
27.23% IRR
Strategy
Mid Term Rental
6-unit property, 5 of 6 units occupied. Current rent roll available, with tenants paying an average of $1,900 per door. Market rents are $2,000–$2,200 per door. All tenants are section 8. This is a strong cash flow play in a prime market, easily exceeding the 1% rule. The location is ideal for long-term, short-term, or mid-term rental strategies, with proximity to the Arlington entertainment district, downtown Dallas, DFW Airport, and major medical centers. Rare to find a turnkey 1% rule 6-plex in the heart of the metroplex. Taxes are $14,283.
