Waller Group is proud to offer for sale this 28 unit apartment building in the Oak Cliff area of Dallas, TX. The property is currently 92.85% occupied. The property was extensively remodeled in 2011 with all new sewer lines, updates to the units, security system, and laundry facility. The property is master metered with all bills paid, and has a 2 pipe ciller system. The property features front and rear parking and landscaped resident courtyards. Value add opportunity exists in raising the currently under-market rents, and the comps suggest the ability to maintain those rents while also implementing utility bill-backs. Another unique value-add feature is the large lot size; at 0.83 acres with the current structure occupying only roughly 50% of the lot, allowing the potential for construction of additional units. The immediate vicinity presents an ideal family oriented renter pool; within walking distance to two middle schools, and one elementary school.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
