Investment opportunity in Dallas featuring four spacious townhome-style units with private entrances, individual fenced patio or courtyard areas, and convenient on-site parking. Each unit offers approximately 1,240 square feet of living space. The property is separately metered, allowing tenants to pay their own utilities and helping simplify ongoing ownership costs. The brick construction, functional layouts, and established rental location make this property well suited for an investor seeking current income with long-term upside. Convenient access to major highways, shopping, schools, and employment centers adds to its tenant appeal. An excellent opportunity to acquire a four-unit multifamily asset in Dallas with the flexibility to continue operating as a rental investment while benefiting from future rent and property appreciation potential.
Buckner Terrace Everglade Park, located between White Rock Lake and the I-30 corridor, is a residential and park-adjacent Dallas neighborhood with mid-century ranch homes and greenbelt pockets. The neighborhood’s energy concentrates around the Buckner Blvd and Garland Rd junction, where commuter traffic, corner services, and lake-bound routes set a brisk, practical rhythm. Brick one-stories and tidy yards define many blocks, with mature trees softening wide streets. Outdoor time centers on nearby shoreline trails and picnic lawns at White Rock Lake Park. Cultural touchpoints include the Bath House Cultural Center, the Dallas Arboretum and Botanical Garden, and the White Rock Lake Museum.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
High-speed internet available
Brick or other fireplaces (4 total)
Kitchen
Dishwasher
Disposal
Electric cooktop
Electric oven
Electric range
Refrigerator
Flooring
Ceramic tile
Wood
Heating & cooling
Central heating (electric)
Central air conditioning (electric)
Exterior features
On-street parking
Underground utilities
City water and city sewer
Individual water meter
Home design
Residential income apartment
Two-level building
Parking
4 covered carport spaces
8 total covered/parking spaces (including on-street)
Construction
Brick construction
Composition roof
Slab foundation
Built in 1983
Utilities
City water
City sewer
Individual water meter
Underground utilities
Not in a municipal utility district
HOA & community
No association
Financial info
Gross annual income approximately $60,000
Gross annual expenses approximately $5,000
Insurance expense approximately $4,500
Net operating income approximately $18,000
Capitalization rate about 3.01%
Listing accepts Cash, Conventional, FHA, and VA financing
Other
One building with a total of 4 units
Total building area about 4,084 (source: plans)
Property meets ADA requirements
Electricity and solar
View estimated energy costs and solar savings for this home
Investor Special!!!!4-plex!!!!! 4 units are # 11,13,15,17. Each unit has 2 Bed 1.5 Bath. Units potential Rent is $825 each unit. No HOA, Seller Currently has a company to pick up trash and mow grass. Buyers and or investors to verify all measurements, schools, Taxes and all info pertaining to this property. Seller may elect to sell the Property as an Internal Revenue Code Section 1031 exchange of property. Buyer agrees to cooperate with Seller in said tax free exchange, including the processing of required documentation in connection with the Closing of the Contract of Sale, provided however, that Seller shall pay for all expenses and incur all liability in connection with said election for tax purposes
The MF-2(A) districts are composed mainly of areas containing mixtures of single family, duplex, and multifamily dwellings and certain uniformly developed multifamily dwelling sections. These districts are medium density districts and are located in certain areas close into the center of the city and at various outlying locations. The area regulations are designed to protect the residential character and to prevent the overcrowding of the land by providing minimum standards for building spacing, yards, off-street parking, and coverage. All commercial and office uses are prohibited. It is anticipated that additional areas may be designated in the MF-2(A) district from time to time in the future where the change is appropriate and access and utility services can reasonably accommodate these medium density dwellings. Additionally, the district is created to encourage the provision of affordable housing.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Office
Golf related
Agriculture-Cropland
Park & open space
Local insights from Redfin agents
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...