4047 Herschel Avenue, Unit 12

Dallas, TX 75219

$6,500,000
Price
16
Beds
16
Baths
10,492 Sq. Ft.
$620 / Sq. Ft.
10,492
Sq. Ft.
$620
per Sq. Ft.

Description

Herschel Terrace is a rare multi-family opportunity on a corner lot approximately three blocks away from Highland Park. Technically this property is platted and parceled as 12 condo units but current owner owns all 12 and the entire property. Possibilities are endless providing a multitude of options from redevelopment on a corner lot, to selling the units individually, or just continue operating it like an apartment complex. There are two building each containing 6 units. There are 4 two bedroom...Herschel Terrace is a rare multi-family opportunity on a corner lot approximately three blocks away from Highland Park. Technically this property is platted and parceled as 12 condo units but current owner owns all 12 and the entire property. Possibilities are endless providing a multitude of options from redevelopment on a corner lot, to selling the units individually, or just continue operating it like an apartment complex. There are two building each containing 6 units. There are 4 two bedroom two bath units and 8 one bedroom one bath units. On the parking lot side the end units have a common area basement containing a laundry room for the residents.
  1. Listed by William Butler • TREC #0490445 • Butler Property Company • 214-641-9400

Property Details for 4047 Herschel Avenue, Unit 12

Subdivision Name
Herschel Ave Condo
Pool
No
Garage Spaces
0
Number Of Parking Spaces
13
LISTING UPDATED: 06/18/2024 08:52 AM

Property Details for 4047 Herschel Avenue, Unit 12

StatusActive
MLS #20641732
Days on Market192
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1981
Lot Size0.33 AC / 14,331 SF
CountyDallas County

Building Information for 4047 Herschel Avenue, Unit 12

Stories2Residences12Year Built1981Building Size-Lot Size0.33 AC / 14,331 SF

Property Information for 4047 Herschel Avenue, Unit 12

Summary
Location and General Information
  • Community Features: Community Sprinkler, Laundry, Sidewalks
  • Complex Name: Herschell Terrace
  • Directions: Corner of Herschel and Douglas
  • Elementary School: Milam
  • Elementary School Name: Milam
  • High School: North Dallas
  • High School Name: North Dallas
  • Middle School: Rusk
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.82
  • Longitude: -96.81
  • State: Texas
Parking
  • Parking Features: Common, On Site, Open, Parking Lot
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: HERSCHEL AVENUE CONDOMINIUMS UNIT 10 BLDG A &
  • Association Type: None
  • Tax Lot: 12
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Ceramic Tile, Combination, Hardwood, Luxury Vinyl Plank
  • Heating: Central, Electric
  • Interior Features: Built-in Features, Cable TV Available, Double Vanity, Eat-in Kitchen, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Other
  • Construction Materials: Brick, Fiber Cement, Siding, Wood
  • Exterior Features: Balcony, Courtyard, Covered Patio/Porch
  • Fencing: Wood
  • Foundation Details: Combination, Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 12
  • Patio And Porch Features: Deck
  • Levels: Two
Property
Utilities
  • Utilities: Cable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected, Sidewalk
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.329
  • Lot Size Area: 0.329
  • Lot Size Units: Acres
  • Lot Size Square Feet: 14331.24
  • Multi Parcel ID: Yes
  • Parcel Number: 0019O960000A00010
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: .00%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $204,000
  • Insurance Expense: $0
  • Tenancy: Over 9 Months, Pet Restrictions, Written Application Only
  • Net Operation Income: $.00
Unit 1
  • Approximate SQFT: 660.0
  • Average Lease Amount: $1,250.00
  • 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: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 8
Unit 2
  • Approximate SQFT: 1336.0
  • Average Lease Amount: $1,790.00
  • 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: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 4

Property History for 4047 Herschel Avenue, Unit 12

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4047 Herschel Avenue, Unit 12

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 - PK to 5
Rating
School
Distance
Ben Milam Elementary School
PublicPK to 5

Alex W Spence Talented/Gifted Academy
Public6 to 8

North Dallas High School
Public9 to 12

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.

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4047 Herschel Avenue, Unit 12 is a multi-family home for sale in Dallas, TX 75219. This property was listed for sale on June 17, 2024 by Butler Property Company, it's currently listed at $6,500,000. This listing's school district is Dallas Independent School District. Nearby schools include Ben Milam Elementary School, Alex W Spence Talented/Gifted Academy and North Dallas High School. 4047 Herschel Avenue, Unit 12 is a 16-bed, 16-bath, 10,492 sqft multi-family home built in 1981.

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 Butler Property Company, William Butler

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