Located in the red-hot Old East Dallas submarket, 1625 Grigsby is a
20 unit MF building now available for sale. Grisgby features all one
bedroom units that have been remodeled with newer appliances,
faux wood flooring, fresh paint, and much more. The property also
features outdoor patios/balconies, in unit washer/dryers, and
fireplaces. The property is separately metered for electric and
mastered for gas and water. The property currently accepts Section
8 Housing which offers more rent than afforded by market rates and
a guaranteed source of payment. Value lies in bringing all units up
to maximum allowable rent by section 8 housing. A great strategy
for a long-term cash flowing asset. There is also an opportunity of
constructing 6 more units!
