5425 Melrose Ave
Dallas, TX 75206

$1,650,000

Description

Opportunity to own New Construction Modern building in great Dallas location 5425 & 5427 Melrose. Potential $132,000 annual income. 100% occupied, almost 6% cap rate. Very quiet street yet walk-able to great dining, entertaining & shopping. Simple & Elegant design with clean lines and high quality materials throughout. Highly energy efficient home with foam insulation. Open concept living extended sight lines to large back yard. Master bedroom with balcony, 2 other beds & game room (or office) with balcony on 2nd floor. Beautiful rooftop deck, great entertaining space, with views of Downtown Dallas.

Details

MLS#14112788
Sub-TypeResale
StatusActive
Year2019
Days On Site42

Features

SQ Feet5,600
Units2
Building(s)1

Market Activity 75206

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Area Information

StateTX
CountyDallas
CityDallas
Zip Code75206
AreaDALLAS EAST (12)
Listing VS Median (in 75206)
Price:
$1,650,000
low | high
Med:
$386,950
100% of Average
SqFt:
5,600
low | high
Med:
1,433
100% of Average
$ / SqFt:
$295
low | high
Med:
$271
58.059713748611% of Average
On Site:
42
low | high
Med:
67.5
62.222222222222% of Average
Listing Updated: 07/22/2019
MLS Number: 14112788
Listing Provided By:
Lee Lamont  of  Coldwell Banker Residential

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.