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3328 Shepherd Lane, Balch Springs, TX – $2,850,000

  • $2.9M Price
  • 48 Beds
  • 1.49 Acres
  • $2.9M Price
  • 48 Beds
  • 1.49 Acres

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3328 Shepherd Lane

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 $166,288 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. Around $300,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, upstairs decking, and exterior painting. About 90% of the unit interiors have been renovated, which include: Faux wood plank flooring, new counter tops, two-tone paint, S-S appliances...

Essential Information

  • MLS® #14217272
  • Price$2,850,000
  • Bedrooms48
  • Bathrooms0.00
  • Full Baths20
  • Half Baths9
  • 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

Open, Area Assigned, Assigned Spaces, Uncovered

Interior

  • Interior FeaturesOther, Window Coverings
  • HeatingZoned, Window Unit
  • # 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

Additional Information

  • Days on Website14
  • Construction DetailsPreowned

Listing Details

  • AgentLogan Waller
  • OfficeWaller Group LLC
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Listing information last updated on November 12th, 2019 at 12:00pm CST.