3830 Douglas Drive

Price
Listing Tags
—
Beds
8
Size
1590 sqft
Type
Single Family

Overview

A vacant single-story brick home of about 1,590 sq ft in Garland, Texas, in Dallas County, configured for 8 shared beds, with a large fenced backyard and gazebo. Offered unfurnished at $4,000 a month.

Lease and Income Structure

The owner is looking for a recovery residence operator to lease the whole house and run it as a sober living home. It is vacant now, so an operator can furnish it and begin intake on their own timeline.

The property

The living areas and hallway have wood-look plank flooring, and French doors open from the main living space onto the backyard. The bedrooms are carpeted, each with a ceiling fan and window blinds. The kitchen has an electric cooktop, wall cabinets and an opening through to the living area. The owner's photos show two bathrooms, one with a walk-in shower and one with a tub and shower combination.

Outside, mature trees shade the front lawn, and a large fenced backyard holds a gazebo and a storage shed, with plenty of room for residents to spend time outdoors.

The home is offered unfurnished. The operator brings the furniture, beds and household setup.

Location

Garland is in Dallas County, northeast of downtown Dallas, inside the Dallas–Fort Worth metro. DART's Blue Line rail serves the city, and I-635 and I-30 connect it to the rest of the region, which matters for residents getting to work and outpatient appointments without a car.

Operating in Texas

Texas does not license sober living homes that deliver no clinical services. Certification is voluntary and runs through TROHN, the Texas Recovery Oriented Housing Network, which is the state's NARR affiliate and the credential most referral sources look for.

Lease terms

Asking $4,000 per month. The lease length and other terms are to be agreed with the owner.

Diligence

Confirm how the City of Garland treats group living at 8 beds before you build a lease-up plan on it. After that: which appliances the owner delivers, who pays utilities, and which repairs and maintenance stay with the owner under the lease.

Property Financials
Bed Data
Shared Beds 8
Total Beds 8
Vacancy Rate (estimated) 20%
House Mentors 0.7
Revenue-Producing Beds 5.30
Intake Fee $200.00
Revenue (Annual)
Plus: Intake Fee Revenue $2,400.00
Plus: Laundry Service Revenue $1,248.00
Expenses (Annual)
Operating Expenses $7,982.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%