Bruce Rayburn

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Keller Williams Urban Dallas- MLS# 21309010MLS ProviderContact Information: Matt Templeton - 972-677-3991

3525 Colonial AvenueDallas, TX 75215

Multi-Family · 6 Beds · 6 Full Baths · 1,989 Sq. ft. | 0.15 Acres
$475,000 Active

3525 Colonial Avenue Overview

Visits:
0

Excellent opportunity to buy an affordable 6-plex very close to downtown. Well maintained property with excellent tenants and payment history. Rents could be increased when leases end to create an even better return. Recent infrastructure work on 45 and 310 plus real estate development in the Forest Theatre District and the Cedars makes this prime to buy now. Roof replaced in 2019; renovations in each unit throughout the last few years. Most of the units have been converted to ceramic tile floors. Reach out with questions!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

3525 Colonial Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,989
  • Price/Sq.ft. $239
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Dunbar
  • Middle Or Junior School: Dade
  • High School: Madison

Income/Expenses

  • Gross Income: 52519.0
  • Insurance Expense: 3864.0
  • Net Operating Income: 27863.0

Building Information

  • Year Built: 1964
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Ervay Street Heights

Tax Information

  • Tax Annual Amount: 8760.0

General Information

  • Exclusions: Tenants' personal items
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Bathrooms Total: 6
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 1989.0

General Information

  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Hardwood,Tile
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: High Speed Internet,Cable TV
  • Levels: Two
  • Living Area: 1989.0
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Common,Parking Lot

Lot Information

  • Lot Size Acres: 0.148
  • Lot Size Area: 0.148
  • Lot Size Square Feet: 6446.88
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,Wood Siding
  • Roof: Composition

General Information

  • Carport: No
  • Number Of Units Total: 6
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 4

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 2

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3525 Colonial Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3525 Colonial Avenue Market Data

Based on the last 30 days in this zip code

$314,457
Average List Price
$189
Average Price per Square Foot
22
Properties Sold
101
Average Days on Market
153
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.