- For Sale $9,600,000
- Property Type Multi-Family
- Units 0
- Lot Size 8.22 Acre
- # of Floors 1
- Parking Spaces Avail. 4
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 2020
- Year Renovated 2022
- Date Updated Apr 26, 2024
Stabilized 34-unit, single family rental community on 10 acres in Oak Cliff, available for qualified investors. Built in 2020-22, 100% leased, and cash-flowing. 6 different floor plans, ranging from 1,239-1,935 sq. ft.. Average size unit is 1,470 sq. ft.. Two (2) 5BR/3BA units, twenty-two (22) 4BR/2BA units, and ten (10) 3BR/2BA units. Brick construction, oversized 50’x200’ fenced lots (.23 acres), 2-car garages, new stainless appliances, ceiling fans, 6" baseboards, roomy 10' ceilings, quartz counters and glass enclosure/tiled bathrooms. All tenants on ACH direct deposit. No pets. No smoking. These newer units should provide several years of very low maintenance for a new Owner with no major Capex. Room to bump the rents slightly on 2024 turnovers (approx. 5-7% below market now). $2,130 avg. rent per unit, in a very stable DFW rental market, with sustained rent growth. A few value-add improvements might also enhance the NOI in this great community (add washer/dryers, etc.). Development is located just 2 miles east of SH-12, under 20 minutes to Joe Pool Lake & Downtown Dallas, & 30 minutes to DFW International Airport. Savvy investors can buy & hold, sell to the happy tenants and finance them, or simply sell each unit on the open market. Great cash-flowing 1031 tax shelter.
All preliminary information is available here. DO NOT DISTURB TENANTS. Individual tours, site inspections & due diligence materials shall be made available upon accepted offer. Call for details.
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Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
34/100
Car-Dependent
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Transit Score ®
40/100
Some Transit
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Bike Score ®
27/100
Somewhat Bikeable
- City Dallas, TX
- Neighborhood Westwood Park
- Zip Code 75233
- Market Dallas Fort Worth
Points of Interest
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Westmoreland
1.21 miles
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Hampton
2.18 miles
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Tyler/Vernon
3.23 miles
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Bishop Arts
4.56 miles
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Illinois
4.68 miles
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Kiest
4.74 miles
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Dallas Zoo
4.75 miles
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6th Street
4.76 miles
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Beckley
5.12 miles
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Morrell
5.24 miles
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7-Eleven
1.16 miles
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Shell
1.19 miles
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Chevron
1.23 miles
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Chevron
1.56 miles
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Exxon
1.66 miles
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7-Eleven
1.73 miles
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7-Eleven
2.36 miles
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Exxon
2.37 miles
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7-Eleven
2.45 miles
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Texaco
2.53 miles
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Dallas Can! Academy Charter School Student Parking
4.02 miles
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Bank Tower Parking
4.31 miles
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Lot E
6.41 miles
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Dallas County Parking Garage C
6.48 miles
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Dallas County Parking Garage D
6.53 miles
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Lot D
6.59 miles
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Lot C
6.77 miles
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Lot 95
6.97 miles
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Manor House
7.00 miles
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Grand Prairie Park & Ride
7.14 miles
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Rodeway Inn
2.96 miles
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Super 7 Inn
3.05 miles
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Royal Inn
3.08 miles
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TownHouse Suites
3.10 miles
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Ari Motel
3.15 miles
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Hilton Garden Inn
3.16 miles
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Holiday Inn Express & Suites
4.05 miles
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TownePlace Suites by Marriott Dallas DeSoto
4.09 miles
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Holiday Inn Express & Suites
4.17 miles
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Residence Inn
4.26 miles
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Taco Bell
1.09 miles
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Applebee's
1.12 miles
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Long John Silver's
1.12 miles
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Las Mananitas
1.17 miles
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McDonald's
1.19 miles
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Braum's
1.21 miles
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Jack in the Box
1.22 miles
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Church's Chicken
1.23 miles
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Burger King
1.64 miles
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Sonic
1.66 miles
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Thomas Tolbert Elementary School
0.47 miles
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Justin F Kimball High School
0.60 miles
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T W Browne Middle School
0.67 miles
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Zan Wesley Holmes Jr Middle School
0.96 miles
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La Academia de Estrellas Charter School
1.07 miles
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West Oak Cliff Charter School
1.13 miles
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Lenore Kirk Hall Elementary School
1.20 miles
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Eagle Advantage School
1.21 miles
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Daniel Webster Elementary School
1.33 miles
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Leslie A Stemmons Elementary School
1.35 miles
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Apple Tree Christian Academy
1.47 miles
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Little Rascals II Daycare & Learning Center
5.29 miles
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Parent Day Out
7.49 miles
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Swiss Learning Center
8.55 miles
Frequently Asked Questions
What is the lease rate for 34-Unit SFR Portfolio Sale - Dallas, TX?
Rental asking rate at 34-Unit SFR Portfolio Sale - Dallas, TX is $4,800,000.00/YR.
What is the total square footage of 34-Unit SFR Portfolio Sale - Dallas, TX?
34-Unit SFR Portfolio Sale - Dallas, TX totals 50,000 square feet.
When was this property built?
34-Unit SFR Portfolio Sale - Dallas, TX was built in 2020.
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