Units
52
Gross SQFT
43,000
Year Built
1981
Occupancy
83%
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- 44 / 52 Units Fully Renovated with 3 Units Currently Undergoing Full Renovations
- No Significant Exterior Work Necessary – New Roofs; Resealed Parking Lot; Fully Replaced Sidewalk; Replaced Grass with Low-Maintenance Gravel and Shrubs; Filled in Pool and Added Outdoor Common Area
- In-Unit Washer / Dryer Connections
- Strong In-Place Rents with Opportunity to Bring All Units Up to Proven Rental Rates (11% Upside)
- Year One Tax Assessment Subject to 20% Maximum Increase (Currently Assessed at $4,708,410)
- Well-positioned Within DFW with Close Proximity to Employment Hubs in North Dallas, East Dallas, Richardson, and Garland
- Direct Access to Texas Instruments Executive Offices, Dallas College, and K-12 Schools in the Richmond Independent School District
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225