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$2,300,000

1931 N Prairie Avenue, Dallas, TX, 75204

On MarketInfo
Just AddedInfo
Beds10 Beds
Baths15 Bath
Baths8,292 Sq Ft
price_per_sqft$277.38 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 10Bedrooms 10
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Courtyard, Lighting
Lot Size8,320 sqft

Building Information

Year Built2019
Stories3
Roof Type106
Garage Spaces10

Land Information

APN00C57790000A00005
Land UseResidential
Legal DescriptionPRAIRIE CORNER TOWNHOMES CONDOS BLK C/653 LT 31A ACS 0.191 BLDG A UNIT 5 CE%20 INT202100385969 DD12222021 CO-DC 0653 00C
Census Tract000801
Assessment Year2026

About this property

A new investment opportunity to the market (new photos coming, but wanted to get the property into the market asap). 1931 North Prairie is a 100% leased five unit complex with a five year history of proven income in a high demand area. This property consistently attracts and retains quality tenants, with a location second to none. It sits just minutes from Uptown, Downtown, West Village, Klyde Warren Park, the Arts District, Central Expressway, SMU, major hospitals, Lower Greenville, and some of Dallas’s best shopping, dining and entertainment. Each of the five units is a two-bedroom, 2.5-bath residence with tall ceilings, open-concept design, abundant natural light, real wood floors, and contemporary kitchens. Both bedrooms have ensuite baths, and washers and dryers are included. A private two-car garage opens directly into each unit, providing the highest security and convenience. And the building design and corner location provide easy access to each garage, with a more spacious feeling to the property than most five unit properties in the area. And a secured, fenced, artificial turf-covered courtyard gives pet owners a rare amenity. Hold all five as a rental portfolio or pursue individual unit sales. Airbnb and short-term rentals are allowed. For an investor who wants a turnkey multifamily asset in a prime Dallas location, this is an outstanding opportunity.

Investor Tools

$0Estimated Mortgage Balance
$655,180Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,800 /month
Positive
Cash Flow Estimate:
$4,600 /month

Interested in this property?

Bruce Yamini

The Michael Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,413/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,675
$655,180
2026
N/A
N/A
$655,180
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,675
$655,180

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$655,180
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,550/mo
N/A
+$2,550/mo
4.7%

City: Dallas

1931 N Prairie Avenue | Property Details | No Agent List