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 900 a month, 2 bed 1 bath tenant paying 1100 a month plus bonus detached room in the back rented for 300 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. unrepresented buyers will be appointed an agent other than listing agent so please contact your agent...Incredible cap rate, turn key rental opportunity. Fully leased, 3 bed 1 bath tenant paying 900 a month, 2 bed 1 bath tenant paying 1100 a month plus bonus detached room in the back rented for 300 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. unrepresented buyers will be appointed an agent other than listing agent so please contact your agent of choice for info. Owner does not keep any documentation nor will he provide anything other than sdn and lbp. No showings without executed contract, no exceptions.
  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

Location

Listing Courtesy of Keller Williams Realty DPR, Gabrielle Wolff
Add your commute
LISTING UPDATED: 02/05/2024 10:10 PM

Property Details for 2606 Marburg Street

StatusActive
MLS #20524198
Days on Market87
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

Location

Listing Courtesy of Keller Williams Realty DPR, Gabrielle Wolff
Add your commute

Building Information for 2606 Marburg Street

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

Payment Calculator

$1,599 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$235

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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: $900.00
  • 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: $1,100.00
  • 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: $300.00
  • 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$35,000Additions$88,010Total$123,010
Tax Record2023$2,823 ($235 / month)
Home Facts
Beds5Baths2Total Finished SqFt1,794 SqFtAbove Grade Finished SqFt1,794 SqFtStories1Lot Size7,404 SqFtStyleSingle Family ResidenceYear Built1926ZoningZ239CountyDALLASAPN00000188530000000

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 - PK 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

Martin Luther King Jr Learning Cen
PublicPK 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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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 87 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty DPR, Gabrielle Wolff

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