Properties

Dallas, TX 75208 401 N Polk Street

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Presented By: Sean Ray with Dream Team Leasing and Realty; 214-808-1119
  • MLS# 20404763
  • 08/10/2023
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  • Beds • 5
  • Baths • 3

Home Details

This airbnb home has been updated to modern standards that allows it to be a cash cow on airbnb. Since 2020 this home has brought in $291,000 in revenue. It can be sold as is to keep the listing and airbnb going or it can be put back on the market as a two separate unit rental. Either way the home is in a high demand area and has had all the heavy lifting items taken care of such as the flooring, many electrical and plumbing upgrades. There is a private entrance to the upstairs if you want to split the leases. The owner upgraded the home in many ways but the one thing that really makes this property succeed is the location. It is only minutes away from the fastest growing area in Dallas right now. Bishop Arts is pulling in all sorts of people that are willing to pay a high rent to be close to the action. Here is your chance to get into a Muti family in this hot area for a competitive price. Look up house hacking and you will see this home is perfect for that strategy.
Presented By: Sean Ray with Dream Team Leasing and Realty; 214-808-1119

Interior Features for 401 N Polk Street

Bedrooms

Total Bedrooms5

Bathrooms

Full Baths3

Other Interior Features

Unit Count2
Lock Box TypeCombo
FlooringWood
Interior FeaturesFlat Screen Wiring, Granite Counters, High Speed Internet Available, Pantry
Occupancy Rate100
Street SuffixStreet
Total Units2

General for 401 N Polk Street

# of Buildings2
AppliancesDishwasher, Gas Cooktop, Gas Oven
Buyer Agent Compensation3%
Buyer Agent Compensation Type%
Capitalization Rate14.04
CityDallas
Complex NameN/A
Construction MaterialsFrame
CoolingCeiling Fan(s), Central Air, Electric
CountyDallas
DirectionsFrom Davis drive South on Polk and it is on the West side of the street.
Elementary SchoolRosemont
Elementary School NameRosemont
Gross Annual Expenses8400.00
HOA TypeNone
HeatingCentral, Natural Gas
High SchoolSunset
Insurance Expense2000
LevelsTwo
Occupant Nameairbnb
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding
Property SubTypeDuplex
Property TypeResidential Income
RoofComposition
School DistrictDallas ISD
Standard StatusActive
StatusActive
Street NamePolk
Subdivision NameGeorge J Bryans Rev
Unexempt Taxes11303
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1923
Year Built DetailsPreowned

Exterior for 401 N Polk Street

Building Area Total2352.00
FencingBack Yard, Fenced, Gate, Wood
Foundation Pillar/Post/Pier
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1170
Lot Size Area0.1170
Lot Size Square Feet5096.5200
Lot Size UnitsAcres
Number Of Parking Spaces6
Parking FeaturesConcrete

Additional Details

Price History

Schools

Middle School N/A
Elementary School Rosemont Elementary School
High School N/A

Connect Realty

Price $574,000
MLS#20404763
List Date 08/10/2023
Property Type Multi-Family
Phone 888.795.6274
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The Woodlands, TX 77380
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