Cedar Hill, TX 75104,312 Hickerson ST #8
Cedar Hill, TX 75104,312 Hickerson ST #8
Cedar Hill, TX 75104,312 Hickerson ST #8
Cedar Hill, TX 75104,312 Hickerson ST #8
Cedar Hill, TX 75104,312 Hickerson ST #8
Cedar Hill, TX 75104,312 Hickerson ST #8
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
29
Sep
Tue
30
Sep
Wed
1
Oct
$ 1,550,000
Est. payment | /mo

14 Beds

8 Baths

6,786 SqFt


$ 1,550,000
Est. payment | /mo

14 Beds

8 Baths

6,786 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,786 sqft

Price per Sqft $228

Subdivision Ed Balcoms Rev

MLS Listing ID 21061019

Bedrooms 14

Full Baths 8

HOA Y/N No

Year Built 1985

Annual Tax Amount $25,800

Lot Size 0.483 Acres

Acres 0.4835

Property Sub-Type Apartment

Property Description

Profitable Multifamily complex investment. 312 Hickerson is an 8-unit apartment complex which contains 8 separate apartment units, 6 are 2 bedroom and 2 bath units that rent for $1,500 per month. Two are 1 bedroom and 1 bath units that rent for $1,100 per month. Five of the 8 units have been completely remodeled in the last 24 months down to the studs including new stainless steel appliances, new flooring, new plumbing & electrical fixtures. These include 4-two bedroom units and 1-one bedroom unit. In the current configuration, the annual rent is $126,000. Expensed are the property taxes, currently at $25,800 annually, insurance, $8569, repairs, maintenance and management fees are $7,500, and vacancy rate is negligible. Total annual expenses are $41,869. This leaves a total profit before taxes of $84,131 which shows a market CAP of 5.6. Seventy percent of the close knit community residing at 312 Hickerson has lived there 8 plus years with some much longer.

Location

State TX

County Dallas

Direction From Hwy 67, Going North toward Dallas, take Cooper Street Exit, turn left then turn right on Hardy, then Left on Hickerson. From Hwy 67, Going South from Dallas, take Cooper Street Exit then turn right on Hickerson. Apartment is on the left in the second block.

Interior

Interior Features Cable TV

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Appliance Dishwasher, Electric Range, Disposal, Microwave, Refrigerator

Exterior

Parking Features Parking Lot

Pool None

Utilities Available Electricity Available, Sewer Available, Water Available, Cable Available

Water Access Desc Public

Roof Type Concrete

Road Frontage All Weather Road

Total Parking Spaces 8

Building

Lot Description Subdivision

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Highpointe

Middle Schools Besse Coleman

High Schools Cedar Hill

School District Cedar Hill Isd

Others

Senior Community No

Tax ID 16004500010130000

Security Features Security System,Fire Alarm

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061019

Anel Perales

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

312 Hickerson ST #8