3509 Westminster Avenue University Park, Texas 75205
List Price
$1,700,000
Bedrooms
8
Bathrooms
8 full
Year Built
1931
Lot Size
9,016.92 sq ft / 0.2070 Acres
Less Than .5 Acre (not Zero)
60 x 150
Property Type
Residential Income, Multiple Single Units, Multi-Family
Gross Income
$134,400
Gross Expenses
$19,995
Number of Units
8
MLS ID
20194894
Schools
Highland Park ISD
University
Mcculloch
Highland Park
Highland Park
Listing Description
Rare opportunity to own an 8 unit investment property in the Park Cities on a 60x150 lot. Built in 1931, 3509 Westminster showcases architectural details that you simply do not find today's multi-family properties: Spanish tile roof, stone entry façade, arched metal windows with decorative leaded glass, and built-in wood cabinetry. Situated on a cul-de-sac, this ideal location gives tenants walkable access to Snider Plaza, Curtis Park, UP Pool, Tennis courts, and UP Elementary. All tenants (by design) are month-to-month giving the next owner full flexibility. All units are 1bd-1bth with central HVAC, refrigerator, and gas range. 4 units @ 600sf, 4 units @ 750sf. Master metered for electric, water & gas (owner pays). Common coin-operated washer-dryers. 5 covered parking w. ample street parking. Market rents estimated at $1350 x 4 and $1450 x 4. Current rent roll and 2021 utility expenses are included in the documents section. (all sqft measurements are approximate)
