Originally built in 1963, this 16 unit market-rate property in Southeast Dallas is currently operating at an NOI of $93,185 at an 7.65% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1.29 per sf, while the average market rate is $1.41 per sf. Increasing rents to this rate will realize an additional $14,600 in annual rent revenue...MORE... For full financials, Offering or Tour Procedures, please view the OFFERING MEMORANDUM attached in the MLS Transaction Documents.
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.
