401 North Polk Street

Dallas, TX 75208

$574,000
Price
5
Beds
3
Baths
2,352 Sq. Ft.
$244 / Sq. Ft.
2,352
Sq. Ft.
$244
per Sq. Ft.

Description

This airbnb home has been updated to modern standards that allows it to be a cash cow on airbnb. Since 2020 this home has brought in $291,000 in revenue. It can be sold as is to keep the listing and airbnb going or it can be put back on the market as a two separate unit rental. Either way the home is in a high demand area and has had all the heavy lifting items taken care of such as the flooring, many electrical and plumbing upgrades. There is a private entrance to the upstairs if you want to split...This airbnb home has been updated to modern standards that allows it to be a cash cow on airbnb. Since 2020 this home has brought in $291,000 in revenue. It can be sold as is to keep the listing and airbnb going or it can be put back on the market as a two separate unit rental. Either way the home is in a high demand area and has had all the heavy lifting items taken care of such as the flooring, many electrical and plumbing upgrades. There is a private entrance to the upstairs if you want to split the leases. The owner upgraded the home in many ways but the one thing that really makes this property succeed is the location. It is only minutes away from the fastest growing area in Dallas right now. Bishop Arts is pulling in all sorts of people that are willing to pay a high rent to be close to the action. Here is your chance to get into a Muti family in this hot area for a competitive price. Look up house hacking and you will see this home is perfect for that strategy.
  1. Listed by Sean Ray • TREC #0631736 • Bennett Realty • 214-808-1119

Property Details for 401 North Polk Street

Subdivision Name
George J Bryans Rev
Pool
No
Number Of Parking Spaces
6

Open Houses

Sunday, May 5th

9:00 AM - 11:00 AM

PublicView Details

Location

Listing Courtesy of Bennett Realty, Sean Ray
Add your commute
LISTING UPDATED: 04/30/2024 04:49 PM

Property Details for 401 North Polk Street

StatusActive
MLS #20404763
Days on Market266
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1923
Lot Size0.12 AC / 5,096 SF
CountyDallas County

Location

Listing Courtesy of Bennett Realty, Sean Ray
Add your commute

Building Information for 401 North Polk Street

Stories2Residences2Year Built1923Building Size-Lot Size0.12 AC / 5,096 SF

Payment Calculator

$3,997 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,133

Property Taxes

$864

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 401 North Polk Street

Summary
Location and General Information
  • Block: 19432
  • Complex Name: N/A
  • Directions: From Davis drive South on Polk and it is on the West side of the street.
  • Elementary School: Rosemont
  • Elementary School Name: Rosemont
  • High School: Sunset
  • High School Name: Sunset
  • Middle School: Greiner
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.75
  • Longitude: -96.84
  • State: Texas
Parking
  • Parking Features: Concrete
Taxes and HOA Information
  • Tax Legal Description: GEORGE J BRYANS REV BLK 194/3253 S PT LTS 9 &
  • Association Type: None
  • Tax Lot: 9
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Wood
  • Heating: Central, Natural Gas
  • Interior Features: Flat Screen Wiring, Granite Counters, High Speed Internet Available, Pantry
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Frame
  • Fencing: Back Yard, Fenced, Gate, Wood
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 2
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional, FHA, FHA-203K, VA Loan
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: Address
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.117
  • Lot Size Area: 0.117
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5096.52
  • Multi Parcel ID: No
  • Parcel Number: 00000259891000000
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 14.04%
  • Gross Annual Expenses: $8,400
  • Gross Annual Income: $91,000
  • Insurance Expense: $2,000
  • Net Operation Income: $80,600.00
Unit 1
  • Approximate SQFT: 1176.0
  • Average Lease Amount: $3,033.00
  • Living Area Length: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 2 Bedroom
Unit 2
  • Approximate SQFT: 1176.0
  • Average Lease Amount: $4,548.00
  • Living Area Length: 0.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom

Property History for 401 North Polk 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 401 North Polk Street

Taxable ValueLand$217,800Additions$234,250Total$452,050
Tax Record2023$10,374 ($864 / month)
Home Facts
Baths3Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtStories2Lot Size4,356 SqFtStyleDuplexYear Built1923Year Renovated1990ZoningZ239CountyDALLASAPN00000259891000000

Schools near 401 North Polk 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 - 6 to 8
Rating
School
Distance
Rosemont Lower - Chris V Semos Building
PublicPK to 5

W E Greiner Exploratory Arts Acade
Public6 to 8

Sunset High School
Public9 to 12

Rosemont Middle School
Public6 to 8

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 North Polk Street is a multi-family home for sale in Dallas, TX 75208. This property was listed for sale on August 10, 2023 by Bennett Realty, it's currently listed at $574,000. It has been on the market for a total of 266 days and was last sold on March 28, 2018. This listing's school district is Dallas Independent School District. Nearby schools include Rosemont Lower - Chris V Semos Building, W E Greiner Exploratory Arts Acade and Sunset High School. 401 North Polk Street is a 5-bed, 3-bath, 2,352 sqft multi-family home built in 1923.

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 Bennett Realty, Sean Ray

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: 04/30/2024 04:49 PM