Incredible cap rate in a great part of town! 3 condo units all in the same complex. Convenient north Dallas location at midway and 635 less than 3 minutes away from anticipated midtown development in a quickly growing area, close to shopping and restaurants. 2 partly updated units and another original. 2 units currently leased to long term tenants on month to month leases. 25 year tenants would love to stay. the other tenant will be vacating end of feb, that unit can be shown w 24 hr notice. HOA includes exterior maintenance and blanket insurance. also selling each unit individually or as part of the package. vacant unit being remodeled
Multi-familyProperty Type
1970Year Built
7.97 acresLot Size
$92Price/Sq.Ft.
6 spacesParking
Listed by Gabrielle Wolff• Keller Williams Realty DPR
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1970
Sq. Ft.
795
Year built
1970
Style
Condo/Co-op
County
Dallas County
APN
00000808907220000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
CR
Community Retail District
To provide for the development of community-serving retail, personal service, and office uses at a scale and intensity compatible with residential communities.
Tax Legal Description: LAS COLONITAS CONDOMINIUMS BLK 8395 ACS 8.00
Utilities
Utility Information
City Sewer, City Water, Community Mailbox, Concrete, Curbs
Location
Multi-Unit Information
# of Units: 3
# of Units: 3
Capitalization Rate: 9.73
Gross Annual Expenses: $18,240
Gross Annual Income: $45,000
Insurance Expense: $855
Net Annual Income: $26,760
Total Annual Expenses Include: Common Area, Insurance, Lawn Care, Maintenance, Reserves, Taxes, Water/Sewer/Trash
Community Information
Club House, Community Sprinkler System, Community Pool, Perimeter Fencing
Unit Type 1 Information
Sq. Ft.: 851
# of Baths (Full): 2
# of Bedrooms: 2
Master Bedroom Dimensions:
Dining Area Dimensions:
Kitchen Dimensions:
Living Area Dimensions:
Lease: 1400
# of Units: 1
Unit 2 Information
Sq. Ft.: 795
# of Baths (Full): 1
# of Bedrooms: 2
Master Bedroom Dimensions:
Dining Area Dimensions:
Kitchen Dimensions:
Living Area Dimensions:
Living Area Width: 0
Lease: 1350
# of Units: 1
Unit 3 Information
Sq. Ft.: 625
# of Baths (Full): 1
# of Bedrooms: 1
Master Bedroom Dimensions:
Dining Area Dimensions:
Kitchen Dimensions:
Living Area Dimensions:
Lease: 950
# of Units: 1
HOA Information
Association Fee: $286
Fee Frequency: Monthly
Fee Includes: Blanket Insurance, Exterior Maintenance, Full Use of Facilities, Maintenance of Common Areas, Management Fees, Other (See Remarks), Reserves, Sprinkler System, Trash, Water/Sewer
Association Type: Mandatory
School Information
Elementary School Name: Adamsnatha
Middle School Name: Walker
High School Name: White
School District: Dallas ISD
Location Information
Subdivision Name: Las Colonitas Condo
Complex Name: Las Colonitas
Country: United States
Directions: gps, map of condo locations is in each breezeway by the mailboxes.
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 795
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1970
Year Renovated: 1970
County: Dallas County
APN: 00000808907220000
Home facts updated by county records on Aug 31, 2026
Dallas is a city where location can dramatically shape the experience, with each area offering its own mix of architecture, dining, entertainment, and accessibility. One thing I always encourage buyers to consider is how they’ll actually move around...