$2,770,000
0.44 acres
32.804 -96.7771
FOR SALE

1625 Grigsby Avenue Dallas, TX 75204

$2,770,000
Est. Monthly $9,803 recalculate
0.44 acres
 

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CENTURY 21 Judge Fite Company
5850 Colleyville Road
Colleyville, TX 76034
817.­605.3355
817.­605.3355
CENTURY 21 Judge Fite Company
5850 Colleyville Road Colleyville, TX 76034
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1625 Grigsby Avenue
Dallas, TX 75204

Explore This Property

Multi-Family (2-4 Units) - Waller Group Properties is proud to present this 20-unit multifamily complex built in 1986. Located in the heart of East Dallas, Grigsby Place is an attractive, well-maintained complex with all one-bedroom units. 70% of the rental revenue is Section 8 income. The property is currently operating at an NOI of $166,218 at a 6.00% cap rate on actuals. Pro Forma NOI is $195,757 at a 7.07% Pro Forma cap rate. This is a partially renovated value add opportunity where 15 units have been renovated to include new cabinets, counters, plumbing and appliances within the last 8 years. For more information, please review the OM and financials that are in the documents tab, and on our website.
MLS # 14378647
Courtesy Of Waller Group, LLC, Listed By Logan Waller

Property Features

  • Age: 31-40 Years Old
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Exterior Type: Stucco, Wood
  • Fireplace: Fireplace
  • Floor Covering: Laminate, Tile - Ceramic
  • Heating System: Central Furnace, Fireplace
  • Lot Size: 0.44 Acres
  • Parking Type: Assigned
  • Roof Type: Composition Shingle

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $9,803Your estimated monthly payment
    $554,00020% Down Payment
    $2,770,000 $2,216,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    CESAR CHAVEZ LEARNING CENTER
    Grades PRESCHOOL-5 | Public School

    Dallas, TX 75204
    1710 N CARROLL AVE
    972-925-1000
    0.2
    miles

    Total Students 700
    Student Teacher Ratio 14:1

    School Rating

    1 star View School Details
    Middle School
    ALEX W SPENCE TALENTED/GIFTED ACADEMY
    Grades 6-8 | Public School

    Dallas, TX 75204
    4001 CAPITOL AVE
    972-925-2300
    0.7
    miles

    Total Students 712
    Student Teacher Ratio 13:1

    School Rating

    3 stars View School Details
    High School
    NORTH DALLAS HIGH SCHOOL
    Grades 9-12 | Public School

    Dallas, TX 75204
    3120 N HASKELL AVE
    972-925-1500
    1.2
    miles

    Total Students 1117
    Student Teacher Ratio 14:1

    School Rating

    1 star View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Innovation Design Entrepreneurship Academy 0.1 mi Public 9-12
    Uplift Peak Preparatory Primary School 0.1 mi Public K-5
    Uplift Peak Preparatory Middle School 0.2 mi Public K-12
    Uplift Education - Peak Preparatory Pre-k 0.2 mi Public PRESCHOOL-12
    Uplift Peak Preparatory High School 0.2 mi Public 9-12
    Solar Preparatory School For Boys 0.4 mi Public PRESCHOOL-3
    Maya Angelou High School 0.5 mi Public 6-12
    Ignacio Zaragoza Elementary School 0.7 mi Public PRESCHOOL-5
    Ignite Middle School 0.7 mi Public 6-8
    Solar Preparatory School For Girls At Bonham 0.9 mi Public K-5
    Dallas Christian Academy 1.0 mi Private PRESCHOOL-12
    Ben Milam Elementary School 1.2 mi Public PRESCHOOL-5
    William Lipscomb Elementary School 1.2 mi Public PRESCHOOL-5
    Notre Dame Of Dallas Sp School And Vocational Center 1.2 mi Catholic UNGRADE-UNGRADE
    Resolute Academy 1.4 mi Private 9-12
    Uplift Education - Luna Preparatory 1.4 mi Public 6-12
    Booker T. Washing High For The Performing And Visual Arts 1.5 mi Public 9-12

    Local Area Information for Dallas, TX 75204

    Median Age: 34.8
    Married: 16.3%
    Number of Households: 20,221
    Households with Children: 2,049
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2020 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed.
      This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      The Multi-Family (2-4 Units) located at 1625 Grigsby Avenue, Dallas, Dallas County, TX 75204 is currently for sale. 1625 Grigsby Avenue, Dallas, Dallas County is listed for $2,770,000. If the property located at 1625 Grigsby Avenue, Dallas, Dallas County, TX isn't what you're looking for, search Texas real estate to see other houses for sale in Dallas.