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Owner Contacts

$495,000

NAL Estimated Property Value

2234 Shea Rd, Dallas, TX, 75235

Off Market

4 Beds

1 Bath

2,027 Sq Ft

Unimproved Land

Built in 1940

Highlights

Interior

Bedrooms 4

Bathrooms Full 1

Garage Available

Heating Central

Cooling

Exterior

Lot Size7,200 sqft

Building Information

Year Built1940

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000214468000000

Lot Number1

SubdivisionMohawk Heights

Land UseResidential

Legal DescriptionMOHAWK HEIGHTS BLK 2/2366 LT 1 LESS ROW INT202500129754 DD06022025 CO-DC 2366 002 00100 1002366 002

Census Tract000410

Assessed Land Value$375,000

Assessed Improvement Value$101,050

Assessment Year2025

About this property

Opportunity to build on 50x144 lot that has been zoned for MULTI-FAMILY. It is perfectly positioned in the rapidly changing Medical District. This property is near a city park. It has easy access to I-35 or Dallas North Tollway, West Love Development, Uptown, Bachman Lake or Love Field. Downtown Dallas is only minutes away. Currently several residential developments are in the neighborhood. Home on the property is NOT available for viewing. Contact Agent to walk Exterior. Buyer to obtain survey.

Investor Tools

$495,000

Estimated Property Value

$0Estimated Mortgage Balance

$495,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,000 /month

Positive

Cash Flow Estimate:

$1,000 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,093/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,640

$476,050

2025

$375,000

$101,050

$476,050

Tax History

Year

Tax Paid

Assessed Value

2024

$10,640

$476,050

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Connie C Garza

Seller Carryback / Seller Financing / Seller Take-Back

$45,300

First

Aug 10, 1994

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$495,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,790/mo

N/A

+$2,790/mo

6.8%

Learn About the Market: Opportunity in Dallas

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