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$809,430

NAL Estimated Property Value

1811 Browder St, Dallas, TX, 75215

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths1,248 Sq Ft
Year BuiltBuilt in 1946

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Tankless Water Heater, Vented Exhaust Fan
FlooringConcrete

Exterior

Lot Size6,960 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00000133123000000
Lot Number8
Land UseIndustrial
Legal DescriptionPRATHER & ARDREYS BLK G/906 LT 8 INT202400183837 DD09102024 CO-DC 0906 00G 00800 2DA0906 00G
Census Tract020402
Assessed Land Value$278,400
Assessed Improvement Value$531,030
Assessment Year2025

About this property

BANK OWNED Unique Investor Opportunity in the Cedars 2 Units that were formerly, the famous 'Luxe Warehouse': Originally a vintage 1940s warehouse, was transformed in 2019 and featured on CNBC's 'Cash Pad' into a distinctive lodging experience. With two bedrooms and two baths, it comfortably accommodates up to 10 guests. The Warehouse has been featured on numerous websites and has the possibility to generates income through short term rental bookings (Airbnb, VRBO, PeerSpace). Unit 2 is a quaint home built in 2015, this two-story features one bedroom and one and a half baths. The property is surrounded by new construction, enhancing the property's appeal. Investment Potential: A rare opportunity to invest in a historically rich, highly desirable property in the Cedars minutes from downtown Dallas. With its unique accommodations and prime location, this property is poised to attract a steady stream of guests that could generate a good return on investment.

Investor Tools

Property Icon
$809,430
Estimated Property Value
$743,699Estimated Mortgage Balance
$65,731Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,298 /month
Positive
Cash Flow Estimate:
$1,766 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,299
$809,430
2025
$278,400
$531,030
$809,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,299
$809,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Click N Close Inc
Conventional
$766,500
No
First
Sep 6, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$743,699
$65,731
8%
92%
$4,596/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$4,596/mo
$-3,270/mo
2.0%

City: Dallas

1811 Browder St | Property Details | No Agent List