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About the Listing MURO01C - 0466346
Located in the highly desirable Oak Lawn corridor, this rare 12-unit multifamily asset at 4002 Prescott Ave offers a compelling blend of historic character and long-term investment stability.? Originally constructed in 1929, the property retains its timeless appeal with original hardwood flooring, vintage cabinetry, and classic countertops, providing a unique charm that is increasingly difficult to replicate in today’s market.? Situated on approximately a quarter-acre lot, the property benefits from an exceptional location just minutes from Highland Park and the vibrant Lemmon Avenue corridor.? Tenants enjoy immediate access to a wide array of restaurants, grocery stores, retail, and everyday conveniences, making this a consistently desirable rental location.? The asset consists of twelve residential units plus an additional apartment above the carport, offering supplemental income potential.? Ownership has maintained the property with key capital improvements, including updated plumbing, electrical systems, and roof, reducing near-term deferred maintenance concerns.? Currently averaging approximately $1,200 per unit in monthly rent, the property presents a strong in-place income stream with additional upside through operational efficiencies and potential rent growth.? The current owner has personally managed the property since 1996 and occupies one of the units, reflecting long-term stewardship and pride of ownership.? Offered as-is, this is a rare opportunity to acquire a well-located, character-rich multifamily asset in one of Dallas’ most sought-after rental submarkets.?
Listing Highlights
Interior Details
- Bedrooms: 12
- Bathrooms: 12 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Window Unit(s)
- Heating: Floor Furnance
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable TV Available,High Speed Internet Available
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof: Composition
- Others: Preowned
- Sewer:
- Parking Features: Additional Parking,Drive Through
Financial Details
- Tax Amount: $35,182
- Taxes w/Assessments: N/A
- Tax/Property ID: 00000196471000000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4002 Prescott Ave Dallas, TX 75219
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