Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1963
Sq.Footage
47,498
Stabilizing 60 Unit Vaue-Add Asset Opportunity - ~$416K NOI - Strong Upside - Prime East Dallas Location Main Description This is a rare opportunity to acquire a recently stabilized, cash-flowing 60-unit multifamily asset in the highly desirable East Dallas submarket, one of Dallas' strongest rental corridors with continued population and job growth. The property has undergone significant operational improvements, with occupancy now approaching stabilization and current NOI of ~$415,872, providing immediate in-place cash flow with additional upside remaining. Investment Highlights - Strong In-Place Cash Flow - Current NOI: ~$415K - Stabilizing occupancy (~88-90%) - Immediate yield with continued upside - Value-Add Completed or Near Completion - Operational improvements already executed - Reduced execution risk compared to typical value-add deals - Remaining Upside Potential - Rental increases through continued stabilization - Opportunity to further optimize operations - Attractive Basis vs Replacement Cost - Well below new construction pricing - Ideal for long-term investors - Prime East Dallas Location - Minutes from Downtown Dallas - Strong renter demand - Excellent access to employment centers
Features & Amenities
Interior
-
Other Interior Features
Built-in Features
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Wood Siding, Brick, Stone
-
Parking
Asphalt, Assigned, Gated, On Site, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.09
-
Lot Size(square feet)
47480.4
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$6,350,000
-
Tax Amount
$116,460
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Chavez
-
Middle School
Spence
-
High School
North Dallas
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
10
-
Water Source
Public
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Location
County
Dallas
Elementary School
Chavez
Middle School
Spence
High School
North Dallas
Listing Courtesy of John J Canterbury III , Allie Beth Allman & Assoc.
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AGENT
Joe Boston
Call Joe today to schedule a private showing.
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