317 Fouts AveDuncanville, TX 75137

For Sale
$3,850,000

22 Units, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multifamily investment opportunity comprises a 22-unit duplex portfolio situated in Duncanville, Texas. The portfolio consists of eleven buildings totaling 22,525 square feet, with each unit averaging 1,024 square feet. Currently 100% occupied, the property offers significant value-add potential due to rents significantly below market averages for comparable properties built between 1962 and 1972. The portfolio is strategically located across from Duncanville City Hall, the police department, and public library, and within walking distance of several schools. The property's prime location offers easy access to major transportation arteries including I-20, I-35, and Highway 67. The eight contiguous parcels on Fouts Avenue are zoned for multifamily (MF-21), presenting future development possibilities. The asking price is $3,850,000, translating to $175,000 per unit and $170.92 per square foot. The close proximity of the properties on Fouts Avenue and Skyline Drive allows for streamlined management and operational efficiencies. This portfolio presents a compelling investment opportunity for those seeking a value-add project in a rapidly growing Texas market. The property's strong occupancy rate and prime location contribute to its high potential for future returns. The portfolio's location near schools makes it an attractive option for families, while its proximity to major transportation routes and industrial areas makes it appealing to a wide range of tenants. This is a rare opportunity to acquire a well-located, income-producing asset with substantial upside potential.

Highlights

  • $350,000 per duplex.
  • $175,000 per unit.
  • $170 per square foot.
  • 22 total units in 11 duplexes.
  • Eight contiguous duplexes on Fouts Avenue and three on Skyline Drive.
  • Average unit size: 1,024 square feet.

Property Details for 317 Fouts Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
22,525 SF
Year Built
1962
Buildings
11
Units
22

Location Insight

City
Duncanville
County
Dallas
State
Texas
Latitude
32.645548528624
Longitude
-96.904701243518
317 Fouts Ave, Duncanville, Texas

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317 Fouts Ave
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