3619 Rickshaw Drive, Dallas, TX 75229

• 12 beds |
• 12 baths |
• 6,668 sqft

Property Description

Outstanding opportunity to own a well-maintained, income-producing 4-unit property in Northwest Dallas. Each spacious townhome-style unit offers approx. 1,667 sq ft with 3 bedrooms, 2 full baths, 1 half bath, generous living and dining areas, and large walk-in closets in the primary suites. Private fenced patios extend the living space and enhance tenant appeal. The property provides 8 total parking spaces—4 covered and 4 uncovered—with each unit enjoying one covered and one uncovered space (unassigned). All appliances are owned by the seller and convey, offering a turnkey advantage for investors. Significant improvements were completed between 2019 and 2020, including newer siding, windows, and roof, along with HVAC compressors. Kitchens and bathrooms in units 3619 and 3625 were fully updated, adding immediate rental appeal and long-term value. Four long-term tenants are in place, with current leases renewed through 2026 and 2027, providing stable cash flow. Tenants pay their own utilities except for water, sewer, and trash. Priced at $1,100,000 with a 5.5% cap rate, this asset presents strong performance and solid upside in one of Dallas’s high-demand rental corridors. Conveniently located near the DART Green Line at Walnut Hill-Denton Station and close to 635, I-35E, Northwest Hwy, and Love Field, the property attracts renters seeking easy access across the metroplex. A rare opportunity to acquire a well-positioned, updated multifamily asset with dependable income and excellent proximity to major transportation, employment hubs, and retail. INCOME, EXPENSES AND LEASE RATES POSTED IN MLS ARE THE ACTUAL NUMBERS FOR THIS PROPERTY. For more interior images, reference lease listings at MLS numbers: 13964823,14374443, and 14374435

Listing Status:

Active

Listing Office:

Christies Lone Star : 214-821-3336

Listing Agent:

Robyn Flessner Price :

MLS ID:

21124389

Interior

• General: Walk-In Closet(s)
• Appliances: DryerDishwasherElectric RangeRefrigeratorWasher
• Flooring: CarpetTile
• A/C: Central Air
• Heating: Central

Exterior

• Pool: None
• Parking: Detached CarportOn StreetParking spaces: 8

Construction

• Roofing: AsphaltShingle
• General: Brick2Slab

Location

• Originating MLS: NTR
• School District: Dallas ISD
• County: Dallas

Lot

• Zoning: WALNUT GARDENS BLK 8/6426 LOT 14 RICKSHAW DR00000586366000000

Utilities

• Utilities: Sewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR

This listing courtesy of Robyn Flessner Price, Christies Lone Star