Back before I knew better, my daddy told me, "Joe, when you buy a car, you either buy a Cadillac and keep it in immaculate condition and have a guy in uniform polish it when it's parked (this was prior to Mercedes and BMW ruling the luxury market) OR you buy an old clapped-out Chevy and drive the wheels off it. Either way, you'll get your money's worth."

This fourplex is the real estate equivalent of Daddy's Cadillac. The previous owner lived in one unit and remodeled it with no concern for expense.  Everything is tastefully done, befitting a Highland Park home.  This is the kind of pride-of-ownership property that you'll be proud to show your friends or put on the cover of your company's annual report.  You'll probably want to frame its perfect city inspection reports.  Multiple improvements have made this property even better.

Of course it's more expensive than your run-of-the-mill fourplex.  This is a four-star location. There are $300,000 condos and townhouses adjacent to it and across the street. It's about 800 feet outside the city limits of Highland Park, one of the wealthiest enclaves in the nation.  Dallas's version of Beverly Hills.  About eight-tenths of a mile from Turtle Creek Blvd, with its multi-million-dollar highrise condos.

Cash flow may be King, but location is the Emperor.  If you want low-end multifamily, I can show you properties for a quarter of the price, but if you want the best, you need to look at this property.

LOCATION, LOCATION, LOCATION!  The primary rule of real estate