BACK ON THE MARKET AT NO FAULT OF THE SELLER! $10,000 BUYER CREDIT Inspections available. 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 NW Dallas' most established rental markets.
Each townhome-style residence offers approx 1,600 sqft, 3 beds, 2 full baths, spacious living and dining areas, refrigerators incl w abundant storage, oversized walk-in closets, and unique floor plan that has proven attractive. Each unit includes 1 assigned covered and 1 assigned uncovered parking space for a total of 8 assigned spaces. Unit sqft is approx and should be independently verified by Buyer and Buyer's Agent. 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 4 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. Near 35E, 635, Love Field, Downtown Dallas, and Medical District, the property offers convenient access to major retail, dining, and everyday amenities ...
| Listing Id: | 21346390 |
|---|---|
| List Price: | $1,075,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Closed |
| Bedrooms Total: | 12 |
| Bathrooms Full: | 8 |
| Unexempt Taxes: | $19,647 |
| Lot Size Square Feet: | 10,018.8000 |
| Lot Size Acres: | 0.23 |
| Waterfront?: | No |
| City: | Dallas |
| County Or Parish: | Dallas |
| Subdivision Name: | Walnut Gardens |
| Postal Code: | 75229 |
| Year Built: | 1969 |
| Unit Count: | 4 |
| Accessibility Features Yn: | No |
| Appliances: | Dishwasher,Disposal,Electric Cooktop,Electric Range,Electric Water Heater,Ice Maker,Microwave,Refrigerator |
| Association Type: | None |
| Attached Garage?: | No |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 8.00 |
| Bathrooms Total Integer: | 8 |
| Building Area Source: | Public Records |
| Building Area Total: | 6,608.00 |
| Buyer Financing: | Other |
| Carport Spaces: | 4 |
| Complex Name: | 3650 Rickshaw Dr |
| Construction Materials: | Brick |
| Cooling: | Ceiling Fan(s), Central Air, Electric |
| Covered Spaces: | 4 |
| Directions: | Please use GPS |
| Elementary School: | Degolyer |
| Elementary School Name: | Degolyer |
| Fireplace Features: | Decorative |
| Fireplaces Total: | 4 |
| Flooring: | Carpet, Ceramic Tile, Luxury Vinyl Plank |
| Foundation Details: | Slab |
| Garage?: | No |
| Gross Annual Expenses: | $31,848 |
| Gross Annual Income: | $89,976 |
| Heating: | Central, Electric |
| High School Name: | White |
| Insurance Expense: | $5,000 |
| Interior Features: | Eat-in Kitchen, Granite Counters, High Speed Internet Available, Pantry, Walk-In Closet(s), Second Primary Bedroom |
| Levels: | Two |
| Lot Size Area: | 0.2300 |
| Lot Size Units: | Acres |
| Middle School Name: | Marsh |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $58,128 |
| Number Of Buildings: | 1 |
| Number Of Parking Spaces: | 8 |
| Occupancy Rate: | 100 |
| Parking Features: | Alley Access, Assigned, Carport, Off Street |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 6015 |
| Roof: | Flat |
| School District: | Dallas ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Utilities: | City Sewer, City Water, Electricity Connected, Master Water Meter |
| Will Subdivide: | No |
| Window Features: | Window Coverings |
| Year Built Details: | Preowned |
Listing Courtesy of: Powerstar Realty
Listing Agent: Russell Thornton
855-659-3400
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North Texas Real Estate Information Systems, Inc. data last updated on November 11, 2026 09:02 AM - CT
Property Last Updated: November 11, 2026 09:02 AM - CT
