Cap Rate
6.35%
Units
28
Gross SQFT
23,990
Year Built
1983/ R 2019
NOI
$203,881
Property Type
Apartments
INVESTMENT HIGHLIGHTS
28 UNITS
- 8 studios at ±693 SF (In some they have added a wall for the bedroom)
- Proforma Rent: $1,100
- 8 1×1 at ±837 SF
- Proforma Rent: $1,350
- 12 2×2 at ±1,023 SF
- Proforma Rent: $1,610
RENOVATIONS
- Recent Improvements: roof, exterior siding and paint, cabinets, counters in granite, updated bathrooms, two pane window glass in 95% of units, and vinyl plank flooring
- Almost all HVAC systems and water heaters have been recently replaced
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