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3328 Shepherd Lane, Balch Springs, TX – $2,760,000

  • $2.8M Price
  • 48 Beds
  • 1.49 Acres
  • $2.8M 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 $165,982 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. Over $310,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, and exterior painting. About 90% of the unit interi.... For full financials, Offering or Tour Procedures, please view the Offering Memorandum attached in the MLS Transaction Documents.

Essential Information

  • MLS® #14318950
  • Price$2,760,000
  • Bedrooms48
  • Bathrooms0.00
  • 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

Assigned Spaces, Area Assigned, Open, Uncovered

Interior

  • Interior FeaturesOther, Window Coverings
  • HeatingZoned, Window Unit
  • FireplacesBrick, Wood Burning
  • # 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 Website50
  • Construction DetailsPreowned

Listing Details

  • AgentLogan Waller
  • OfficeWaller Group LLC
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Listing information last updated on May 30th, 2020 at 3:00am CDT.