For Sale, USD 6,350,000
1516 Annex Ave, Dallas, TX 75204, USA, Dallas, Texas, United States
Property Type : Residential Lot
Property Style : N/A
Build Size : 47,498 ft² / 4,413 m²
Land Size : 1 ft² / 0 m² Convert Land Size
Bedroom : 0
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
Stabilizing Sixty Unit Value-Add Asset Opportunity - ~$416,000 Net Operating Income - Strong Upside - Prime East Dallas Location Main Description This is a rare opportunity to acquire a recently stabilized, cash-flowing sixty-unit multifamily asset in the highly desirable East Dallas submarket, one of Dallas' strongest rental corridors with continued population and job growth. The property has undergone significant operational improvements, with occupancy now approaching stabilization and current net operating income of ~$415,872, providing immediate in-place cash flow with additional upside remaining. Investment Highlights - Strong In-Place Cash Flow - Current Net Operating Income: ~$415,000 - Stabilizing occupancy (~eighty-eight to ninety percent) - Immediate yield with continued upside - Value-Add Completed or Near Completion - Operational improvements already executed - Reduced execution risk compared to typical value-add deals - Remaining Upside Potential - Rental increases through continued stabilization - Opportunity to further optimize operations - Attractive Basis versus Replacement Cost - Well below new construction pricing - Ideal for long-term investors - Prime East Dallas Location - Minutes from Downtown Dallas - Strong renter demand - Excellent access to employment centers
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1516 Annex Ave, Dallas, TX 75204, USA, United States,Texas,Dallas is a 47,498ft² Dallas luxury Residential Lot listed for sale USD 6,350,000. This high end Dallas Residential Lot is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Dallas or search for luxury properties for sale in Dallas.