Current Use by Public Records
- Residential income homes
Property Details for 317 Fouts Ave
- Year built
- 1962
- Property type
- Residential income homes
- Property subtype
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duncanville
- County
- Dallas
- State
- Texas
- Longitude
- -96.9047
- Latitude
- 32.6455
