The 32-unit Shepherd Lane Apartments is a strong investment with some value-add potential in a growing submarket of Dallas. This property is currently operating at an NOI of $207,872 at a 7.00% cap rate and is 96.9% occupied. Unit sizes are larger than average for the area, with 2-bedroom units featuring washer-dryer connections and wood-burning fireplaces. All units feature private balconies or patios. Over $310,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, and exterior... 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.
