401 Betchan Drive

Lake Dallas, TX 75065

$1,690,000
Price
10
Beds
8
Baths
6,384 Sq. Ft.
$265 / Sq. Ft.
6,384
Sq. Ft.
$265
per Sq. Ft.

Description

Lake Dallas--8-Unit apartment building with room for growth! Currently rented out 100%! The ~1-acre lot has room for new units to be constructed if desired. The building contains two 2-bedroom and 6 1-bedroom units, some have updates, others don't (updates have been done over the past couple of years between tenants). Pictures include the interior of one of the units (this unit has some updates--pics taken while vacant). Covered parking (1 space per unit). Easy access to I-35E for commuters.Lake Dallas--8-Unit apartment building with room for growth! Currently rented out 100%! The ~1-acre lot has room for new units to be constructed if desired. The building contains two 2-bedroom and 6 1-bedroom units, some have updates, others don't (updates have been done over the past couple of years between tenants). Pictures include the interior of one of the units (this unit has some updates--pics taken while vacant). Covered parking (1 space per unit). Easy access to I-35E for commuters.
  1. Listed by PAUL ILAMI • TREC #0515564 • Denton County Property Mgmt, Inc • 940-535-8880

Property Details for 401 Betchan Drive

Subdivision Name
Wright
Pool
No
Garage Spaces
0
Number Of Parking Spaces
14

Location

Listing Courtesy of Denton County Property Mgmt, Inc, PAUL ILAMI
Add your commute
LISTING UPDATED: 08/27/2023 12:10 PM

Property Details for 401 Betchan Drive

StatusActive
MLS #20410956
Days on Market251
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built1960
Lot Size1.00 AC / 43,385 SF
CountyDenton County

Location

Listing Courtesy of Denton County Property Mgmt, Inc, PAUL ILAMI
Add your commute

Building Information for 401 Betchan Drive

Stories2Residences8Year Built1960Building Size-Lot Size1.00 AC / 43,385 SF

Payment Calculator

$10,332 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,223

Property Taxes

$1,109

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 401 Betchan Drive

Summary
Location and General Information
  • Complex Name: Oakwood Terrace
  • Directions: In Lake Dallas, from S Lake Dallas Dr, head East on Betchan. Property is on the Left.
  • Elementary School: Lake Dallas
  • Elementary School Name: Lake Dallas
  • High School: Lake Dallas
  • High School Name: Lake Dallas
  • Middle School: Lake Dallas
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Lake Dallas ISD
  • Geocode Confidence: High
  • Latitude: 33.12
  • Longitude: -97.02
  • State: Texas
Parking
  • Parking Features: Carport, Parking Lot
  • Carport Spaces: 8
  • Parking Spaces Covered Total: 8
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: A1355A WRIGHT, TR 54, .9962 ACRES, OLD DCAD T
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank, Vinyl
  • Heating: Electric
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Appliances: Electric Range, Refrigerator
  • Cooling: Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick, Siding
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Asphalt, Flat
  • Waterfront: No
  • Number Of Units Total: 8
  • Levels: Two
Property
Utilities
  • Utilities: Asphalt, City Sewer, City Water
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Acreage
  • Lot Size Acres: 0.996
  • Lot Size Area: 0.996
  • Lot Size Units: Acres
  • Lot Size Square Feet: 43385.76
  • Multi Parcel ID: No
  • Parcel Number: R62584
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 2.64%
  • Gross Annual Expenses: $52,600
  • Gross Annual Income: $97,200
  • Insurance Expense: $5,000
  • Total Annual Expenses Include: Gardener, Insurance, Maintenance, Professional Management, Trash, Water/Sewer, Other
  • Net Operation Income: $44,600.00
Unit 1
  • Approximate SQFT: 700.0
  • Average Lease Amount: $950.00
  • Kitchen Length: 14.0
  • Kitchen Width: 7.0
  • Living Area Length: 16.0
  • Living Area Width: 12.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 6
Unit 2
  • Approximate SQFT: 850.0
  • Average Lease Amount: $1,200.00
  • Kitchen Length: 14.0
  • Kitchen Width: 7.0
  • Living Area Length: 16.0
  • Living Area Width: 12.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 2

Property History for 401 Betchan Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 401 Betchan Drive

Taxable ValueLand$347,156Additions$258,059Total$605,215
Tax Record2022$13,305 ($1,109 / month)
Home Facts
Total Finished SqFt6,384 SqFtAbove Grade Finished SqFt6,384 SqFtStories1Lot Size43,394 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960Year Renovated1995CountyDENTONAPNR62584

Schools near 401 Betchan Drive

This home is within Lake Dallas Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lake Dallas Elementary School
PublicPK to 5

Lake Dallas Middle School
Public6 to 8

Lake 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.

Similar Homes

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Similar Sold Homes

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401 Betchan Drive is a multi-family home for sale in Lake Dallas, TX 75065. This property was listed for sale on August 27, 2023 by Denton County Property Mgmt, Inc, it's currently listed at $1,690,000. It has been on the market for a total of 251 days and was last sold on June 14, 2022. This listing's school district is Lake Dallas Independent School District. Nearby schools include Lake Dallas Elementary School, Lake Dallas Middle School and Lake Dallas High School. 401 Betchan Drive is a 10-bed, 8-bath, 6,384 sqft multi-family home built in 1960.

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 Denton County Property Mgmt, Inc, PAUL ILAMI

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: 08/27/2023 12:10 PM