3328 Shepherd Lane Balch Springs, TX
$ 2,850,000
Property Attributes
  • MLS#14217272
  • TypeMulti-Family
  • CountyDALLAS
  • CityBalch Springs
  • NeighborhoodW H BENNETT ABST 61 PG 860
  • Zip75180
  • StyleMUL-Apartment/5Plex+
  • Year Built1983
  • Taxes44246
  • Price$ 2,850,000
  • Bedrooms48
  • Full Bathrooms20
  • Half Bathrooms9
  • Sqr Footage22125
  • Lot Size1.49 Acres
Listing Provided Courtesy Of:
Logan Waller with Waller Group LLC
Property Description

The 32-unit Shepherd Lane Apartments is a strong investment with some value-add potential in a growing submarket of Dallas. This property is currently operating at an NOI of $166,288 and is 90.6% occupied. Unit sizes are larger than average for the area, with 2-bedroom units featuring washer-dryer connections, private patios, and wood-burning fireplaces. Around $300,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, upstairs decking, and exterior painting. About 90% of the unit interiors have been renovated, which include: Faux wood plank flooring, new counter tops, two-tone paint, S-S appliances...

Elementary School Middle School High School
Gray Elementary School NEW Middle School Westmesqui High School
Price History
10/29/2019 Listed $2,850,000

General Features

# of Buildings 2
Complex Name Shepherd Lane Apts
HOA Type None
Listing Area MESQUITE AREA (5)
Other Equipment Built-in Microwave, Dishwasher, Range/Oven-Electric, Refrigerator, Vent Mechanism
Property Type Multi-Family
School District Mesquite ISD
School Name Westmesqui
School Name Gray
Stories 2
Sub Area MESQUITE (14)
Subdivision W H BENNETT ABST 61 PG 860
Type MUL-Apartment/5Plex+
Virtual Tour Url Unbranded
Year Built 1983
Year Built Details Preowned

Interior Features

# of Units 32
Heating Window Unit, Zoned
Interior Features Other, Window Coverings
Sqft Building 22125
Total Bedrooms 48
Unit Count 2
Utilities City Sewer, City Water

Exterior Features

Construction Materials Frame/Brick Trim, Wood
Foundation Piered Beam Slab
Lot Size Area 1 Acre to 2.99 Acres
Lot Size Area 1.490
Lot Size Area (acres) 1.490
Lot Size Area (sq Ft) 64904
Lot Size Units Acres
Number Of Parking Spaces 48
Parking Features Area Assigned, Assigned Spaces, Open, Uncovered
Pool Y/N 1


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 75180

AVG $2.85M
AVG $44,246
AVG 265
Year Built
AVG 1983
AVG 52
Data Provided by Walkscore ® not using MLS data

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