2620 Jeffries Street $400,000


    2620 Jeffries Street Dallas, TX 75215

    • 0.19 Acres
    • Land
    • MLS# 14704374
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    Views: 12 Days On Site: 26

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    Property Details

    The Waller Group is proud to present the 8,250 SF multifamily development opportunity located in an opportunity zone in the Fair Park neighborhood of Dallas, TX. The land is located within Planned Development District 363 (subarea 2), which is zoned for Multifamily development. There is the potential for the developer to achieve highest and best use with the land and optimize the site with 2 stories of residential units, totaling 16 units. Recent sales on adjacent property zoned exclusively for duplex construction was priced at $50,000 (7,500 SF lots), which equates to $25,000 per constructed unit. At $400,000, the subject land is priced at $25,000 per constructed unit, assuming 16 units are built.

    • General Features
      • Association Type None
      • County Or Parish Dallas
      • Development Other,Zoned
      • Possession Closing/Funding
      • Property Sub Type LND-Commercial
      • Property Type Lots & Acreage
      • Subdivision Name Barnes & Mitchells Grand Ave
      • Unexempt Taxes $783
      • Utilities Other
      • Utilities Other Other Utilities
    • Property Features
      • Lot Features Interior Lot
      • Lot Number 22
      • Lot Size Less Than .5 Acre (not Zero)
      • Lot Size Area 0.189
      • Lot Size Area SQFT 8232.84
      • Lot Size Units Acres
    • Schools
      • Primary School Name Brashear
      • Elementary School Name Wheatley
      • High School Name Madison
      • School District Dallas ISD
    • Additional Features
      • Zoning Mixed Zoning,Multi-Family,Other
      • Tax Legal Description BARNES & MITCHELLS GRAND AVE N5FT LT 22 & ALL



    75215 (Dallas) Demographics

    37 Median Age
    2,069 Population Density (per sq. mile)
    19% College Educated
    $30,865 Estimated Median Income
    2,215 Estimated Total Home Owners
    4,594 Estimated Total Renters
    33% / 67% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    17,818 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1 Median Sales Price
    9 Homes Sold
    24 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $400,000
        11/4/2021 2:05:00 PM New in Database Source: Multiple Listing Service New Value: $400,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.