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Kameela Winters

kameela.winters@exprealty.com +1(817) 210-8325

$ 1,450,000

Est. payment -/mo

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Pending

5722 Gaston AVE Dallas, TX 75214

8,785 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 8,785 sqft

Subdivision Munger Place Add Sec 02

MLS Listing ID 21324260

Construction Status Resale

HOA Y/N No

Year Built 1958

Annual Tax Amount $29,393

Lot Size 0.323 Acres

Acres 0.323

Property Sub-Type Apartment

Property Description

Lakewood offers the opportunity to acquire a 12-unit apartment community that has been thoughtfully maintained by the same private owner for nearly a decade. Throughout the ownership period, the property has undergone a series of meaningful capital improvements designed to enhance both its physical condition and operational efficiency. Ownership has invested more than $226k into the asset, including the conversion of all units to central HVAC, individual utility metering, plumbing upgrades, a new central water heater, interior renovations, landscape improvements, and a new perimeter security gate. Additionally, the roof was replaced in 2020, further reducing future capital requirements for a new owner. Collectively, these improvements have addressed many of the major building systems that investors typically evaluate when acquiring a vintage apartment community. The community offers a mix of 1 and 2 bedroom units, with effective rents averaging $1,072. Please see OM in Transaction Desk and contact agent specified in notes section for questions, access to financials and tours.

Location

State TX

County Dallas

Direction Google maps

Interior

Interior Features Granite Counters, High Speed Internet, Cable TV

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Laminate

Fireplace No

Appliance Dishwasher, Electric Range, Disposal, Microwave, Refrigerator

Exterior

Parking Features Asphalt, On Site

Pool None

Utilities Available Sewer Available, Water Available, Cable Available

Water Access Desc Public

Roof Type Asphalt

Total Parking Spaces 11

Private Pool No

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Resale

Schools

Elementary Schools Lipscomb

Middle Schools Long

High Schools Woodrow Wilson

School District Dallas Isd

Others

Tax ID 00000182029000000

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21324260

North Texas Real Estate Info Systems (NTREIS) / WACO Association of Realtors

Listed by Esther Cho • GSFREA LLC

Kameela Winters

Real Estate Agent | New Construction Specialist License ID: 0791512

+1(817) 210-8325

Kameela Winters

5722 Gaston AVE Dallas, TX 75214

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5722 Gaston AVE