3328 Shepherd Lane, Balch Springs

$2,760,000

48 Beds
0 Baths
1.49 Acres
0 Garages

The 32 unit Shepherd Lane Apartments is a strong investment with some value-add potential in a growing submarket of Dallas. This property is currently operating at an NOI of $165,982 and is 90.6% occupied. Unit sizes are larger than average for the area, with 2 bedroom units featuring washer-dryer connections, private
patios, and wood-burning fireplaces. Over $310,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, and exterior painting. About 90% of the unit interi.... For full financials, Offering or Tour Procedures, please view the Offering Memorandum attached in the MLS Transaction Documents.

Essential Information
MLS® #14318950
Price$2,760,000
Bedrooms48
Bathrooms0.00
Acres1.49
Year Built1983
TypeMulti-Family
Sub-TypeApartment / 5-Plex+
StatusActive
Community Information
Address3328 Shepherd Lane
AreaMESQUITE AREA (5)
SubdivisionW H BENNETT ABST 61 PG 860
CityBalch Springs
CountyDallas
StateTX
Zip Code75180-2376
Amenities
UtilitiesCity Sewer, City Water
Parking Spaces48
Has PoolYes
Garages

Assigned Spaces, Area Assigned, Open, Uncovered

Interior
Interior FeaturesOther, Window Coverings
HeatingZoned, Window Unit
FireplacesBrick, Wood Burning
# of Stories2
Stories2
Appliances

Built-in Microwave, Dishwasher, Drop-In Range/Oven-Elec, Refrigerator, Vent Mechanism

Exterior
RoofComposition
ConstructionFrame/Brick Trim, Wood
FoundationPiered Beam Slab
School Information
DistrictMesquite ISD
ElementaryGray
MiddleNew
HighWestmesqui
Listing Details
AgentLogan Waller
OfficeWaller Group LLC
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Listing information last updated on June 3rd, 2020 at 10:15am CDT.