Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
Listing photo for 3328 Shepherd Lane, Balch Springs, TX
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3328 Shepherd Lane,

Balch Springs, TX

$2,850,000

48 Beds
1.49 Acres

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 $166,288 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. Around $300,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, upstairs decking, and exterior painting. About 90% of the unit interiors have been renovated, which include: Faux wood plank flooring, new counter tops, two-tone paint, S-S appliances...

Facts & Features
MLS® # 14217272
Price $2,850,000
Bedrooms 48
Bathrooms 0.00
Full Baths 20
Half Baths 9
Acres 1.49
Year Built 1983
Type Multi-Family
Sub-Type Apartment / 5-Plex+
Status Active
Community Information
Address 3328 Shepherd Lane
Area MESQUITE AREA (5)
Subdivision W H BENNETT ABST 61 PG 860
City Balch Springs
County Dallas
State TX
Zip Code 75180-2376
Amenities
Utilities City Sewer, City Water
Parking Spaces 48
Garages Open, Area Assigned, Assigned Spaces, Uncovered
Is Waterfront No
Has Pool Yes
Interior
Interior Features Other, Window Coverings
Appliances Built-in Microwave, Dishwasher, Drop-In Range/Oven-Elec, Refrigerator, Vent Mechanism
Heating Zoned, Window Unit
Fireplace No
# of Stories 2
Stories 2
Exterior
Roof Composition
Construction Frame/Brick Trim, Wood
Foundation Piered Beam Slab
School Information
District Mesquite ISD
Elementary Gray
Middle New
High Westmesqui
Listing Details
Agent Logan Waller
Office Waller Group LLC
Photo of Elton Stafford

Elton Stafford

Cell: (214) 404-3659

Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

Listing information last updated on November 19th, 2019 at 7:30am CST.

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