3650 RICKSHAW DRIVE, DALLAS, TX 75229
Homes for sale in Dallas.
Homes for sale in 75229.
List Price$1,075,000
3650 Rickshaw Drive
Dallas, TX 75229
Listing #21346390
About This Property
Stable income! Major capital improvements! Desirable floor plans! This fully occupied fourplex delivers the qualities investors value most, combining immediate cash flow with thoughtful ownership and significant recent improvements in one of Northwest Dallas' most established rental markets. Each townhome-style residence offers approx 1,600 square feet, 3 beds, 2 full baths, spacious living and dining areas, refrigerators included, abundant storage, oversized walk-in closets, and a unique floor plan that has proven attractive to long-term tenants. Every unit includes one assigned covered and one assigned uncovered parking space for a total of eight assigned spaces. Unit sq ft is approx and should be independently verified by Buyer and Buyer's Agent. The current owner has consistently invested in preserving and improving the property, completing a foundation repair for Unit 3650 in 2023, a complete sewer line replacement in 2024, fresh interior and exterior paint, professionally updated landscaping, exterior improvements, and ongoing preventative maintenance. These completed improvements help reduce future capital expenditures while protecting the property's long-term performance. All four units are leased through 2027, providing stable occupancy and predictable rental income. Property generates an additional $175 per month in water, sewer and trash reimbursement income. Income, expenses, lease information, and current rental rates available in MLS reflect the property's actual operating performance. Conveniently located near I-35E, I-635, Love Field Airport, Downtown Dallas, and the Medical District, the property offers convenient access to major retail, dining, and everyday amenities that continue to support strong tenant demand. For investors seeking an asset with established income, desirable tenant amenities, documented capital improvements, and a history of attentive ownership, this property offers an exceptional foundation for long-term portfolio growth!
Property Features
Location Information
County
Dallas
Subdivision
Walnut Gardens
Interior Features
Interior
Eat-in Kitchen, Granite Counters, High Speed Internet, Multiple Master Suites, Pantry, Walk-In Closet(s)
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
8
Floors
Carpet, Ceramic Tile, Luxury Vinyl Plank
Has Fireplace
Yes
Appliances
Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
Number of Fireplaces
4
Total Number of Units
4
Heating
Central, Electric
Exterior Features
Stories
2
Pool Description
None
Construction
Brick
Lot Size in Acres
0.23
Foundation
Slab
Lot Size in Sq. Ft.
10,018
Roof
Flat
Buildings
1
Utilities
Electricity Connected, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
6,608
Parking Description
Alley Access, Assigned, Carport, Off Street
Is One Story
No
Garage Spaces
4
Windows Description
Window Coverings
School
Elementary School District
Dallas ISD
Jr. High School
Marsh
Elementary School
Degolyer
High School
White
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Quadruplex
Tax Annual Amount
19647.0
Year Built
1969
Similar Listings
Mortgage Calculator
$5,018
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,873
Monthly Tax
$895
Monthly Insurance
$250
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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