Residential Income Property with
For Sale
$409,000
2908 Nelson Drive, Mesquite, TX 75150
Built in 1982 with central air, central heat, and an attached garage.
Days on Market31
Property Features for 2908 Nelson Drive
General Information
Standard status
Active
Property subtype
Residential Income
Amenities
Central Air
Central
Dishwasher, Disposal, Electric Range
Garage
Building Details
Building Size
2,492 SF
Year Built
1982
Listing Agency:
Blue Atlas Realty
(682) 342-3135
Listed By:
Allison Guillot · License #0703131
(682) 342-3135
Source:
Evrealestate
Added: Jul 2
Changed: Jul 31
Last Checked: Aug 1 at 5:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Atlas Realty
Investment Insights
Based on property information with market context.
This residential income property was built in 1982 and includes central air, central heating, a dishwasher, disposal, and electric range. Exterior features include a garage.
The property is located at 2908 Nelson Drive in Mesquite, Texas, within Dallas County.
The property is located at 2908 Nelson Drive in Mesquite, Texas, within Dallas County.
Key Highlights
- Built in 1982
- Central air and central heating
- Dishwasher, disposal, and electric range
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $17.40 |
| − Vacancy | −$4.6k | −$1.86 |
| EGI | $38.7k | $15.54 |
| − OpEx | −$17.4k | −$6.99 |
| NOI | $21.3k | $8.55 |
2,492 SF · lease $17.40/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.69M
$5.85M – $7.80M
NOI $468,024 @ 7.0% cap · market cap 114.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 75150, TX
64,654
Population
24,892
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
80%
High-School Grad
12.6 sq mi
ZIP Area
5,131
Density / Sq Mi
$65,985
Median Household Income
$38,301
Median Earnings
$1,387
Median Rent
$221,000
Median Home Value
Market
Properties on Market for Residential income properties in Mesquite
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1982 with central air, central heat, and an attached garage.
Where is this residential income property located?
The property is located at 2908 Nelson Drive Mesquite, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Built in 1982; Central air and central heating; Dishwasher, disposal, and electric range
