2606 Marburg Street

Dallas, TX 75215

$249,999
Price
5
Beds
2
Baths
1,794 Sq. Ft.
$139 / Sq. Ft.
1,794
Sq. Ft.
$139
per Sq. Ft.

Description

Incredible cap rate, turn key rental opportunity. Fully leased, 3 bed 1 bath tenant paying 1000 a month, 2 bed 1 bath tenant paying 1200 a month plus bonus detached room in the back rented for 250 a month as storage. all leases month to month. Owner pays water and electric . This property is distressed, being sold as-is. Seller does not and never has lived in the property, buyer to do due diligence. Owner does not keep any documentation nor will he provide anything other than sdn and lbp. No showings...Incredible cap rate, turn key rental opportunity. Fully leased, 3 bed 1 bath tenant paying 1000 a month, 2 bed 1 bath tenant paying 1200 a month plus bonus detached room in the back rented for 250 a month as storage. all leases month to month. Owner pays water and electric . This property is distressed, being sold as-is. Seller does not and never has lived in the property, buyer to do due diligence. Owner does not keep any documentation nor will he provide anything other than sdn and lbp. No showings without executed contract, no exceptions. Owner prohibits listing brokerage from intermediary or representing buyer, please contact your real estate agent of choice for details. Owner will not carry note or do any creative finaicng please don't ask, no creative financing or owner carry will be presented at instrution of seller.
  1. Listed by Gabrielle Wolff • TREC #0647507 • Keller Williams Realty DPR • 214-659-1890

Property Details for 2606 Marburg Street

Subdivision Name
Hamilton Add
Pool
No
Number Of Parking Spaces
4
LISTING UPDATED: 07/23/2024 11:58 AM

Property Details for 2606 Marburg Street

StatusActive
MLS #20524198
Days on Market290
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1926
Lot Size0.17 AC / 7,405 SF
CountyDallas County

Building Information for 2606 Marburg Street

Stories1Residences3Year Built1926Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 2606 Marburg Street

Summary
Location and General Information
  • Block: D/195
  • Complex Name: Marburg
  • Directions: gps
  • Elementary School: Rice
  • Elementary School Name: Rice
  • High School: Lincoln
  • High School Name: Lincoln
  • Middle School: Dade
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.75
  • Longitude: -96.76
  • State: Texas
Parking
  • Parking Features: Garage Faces Front, On Street, Open
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: HAMILTON BLK D/1955 LOT 2 INT201600318034 DD1
  • Association Type: None
  • Tax Lot: 2
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate
  • Heating: Other
  • Interior Features: Other
  • Appliances: Electric Oven, Electric Range
  • Cooling: Window Unit(s), Other
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Siding
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 3
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water, Master Water Meter
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Units: Acres
  • Lot Size Square Feet: 7405.2
  • Multi Parcel ID: No
  • Parcel Number: 00000188530000000
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 8.28%
  • Gross Annual Expenses: $1,992
  • Gross Annual Income: $23,400
  • Insurance Expense: $696
  • Net Operation Income: $20,712.00
Unit 1
  • Approximate SQFT: 1000.0
  • Average Lease Amount: $1,000.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Beds Total: 3
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 794.0
  • Average Lease Amount: $1,200.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 3
  • Approximate SQFT: 0.0
  • Average Lease Amount: $250.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 0
  • Number Of Baths Half: 0
  • Unit Type Beds Total: 0
  • Unit Type Units Total: 1

Property History for 2606 Marburg Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2606 Marburg Street

Taxable ValueLand$50,000Additions$138,930Total$188,930
Tax Record2024$4,336 ($361 / month)
Home Facts
Baths2Total Finished SqFt1,794 SqFtAbove Grade Finished SqFt1,794 SqFtStories1Lot Size7,404 SqFtStyleDuplexYear Built1926Year Renovated1980ZoningZ239CountyDALLASAPN00000188530000000

Schools near 2606 Marburg Street

This home is within Dallas Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Charles Rice Learning Center
PublicPK to 5

Billy Earl Dade Middle School
Public6 to 8

Lincoln Humanities/Communications
Public9 to 12

High School Thompson Learning Center
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2606 Marburg Street is a multi-family home for sale in Dallas, TX 75215. This property was listed for sale on February 5, 2024 by Keller Williams Realty DPR, it's currently listed at $249,999. It has been on the market for a total of 290 days and was last sold on November 7, 2016. This listing's school district is Dallas Independent School District. Nearby schools include Charles Rice Learning Center, Billy Earl Dade Middle School and Lincoln Humanities/Communications. 2606 Marburg Street is a 5-bed, 2-bath, 1,794 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty DPR, Gabrielle Wolff

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 07/23/2024 11:58 AM