Vacant Medical Office building with approximately 2 acres of land.
Marcus & Millichap is pleased to exclusively offer an opportunity for qualified investors to purchase the fee simple interest in Biscayne Apartments on a free and clear basis. Constructed in 1963, the property is a 59-unit*, Class C apartment community in the South Oak Cliff submarket of Dallas, Texas. The total rentable area is 42,265 square feet or an average of 716 square feet per unit. Average rents are reported at $572 or $0.92 per square foot for one-bedroom units and $670 or $0.81 per square foot for two-bedroom units. Conveniently located minutes from Highway 67 off West Kiest Boulevard, the asset has a drive-by traffic count of more than 15,000 vehicles per day, a 15 percent increase since 2006. This trend is expected to continue with the influx of infrastructure and developments in the area. Due to Biscayne' s excellent location, it is historically one of the topperforming assets in the submarket and currently boasts an above submarket average physical occupancy rate of 100 percent.
Units: 288 Year Built: 1983 Rentable SF: 208,359 Site: 11.102 Acres Zoning: MF2 A Multifamily Flood zone: None Average Unit Size: 723 sq. ft. Exterior: Brick/Wood, 13 buildings Roof: Pitched Comp Parking: 610 Open spaces HVAC: Individual Hot Water Heater: Individual Each unit is sprinklered Avg. Rent PSF: $.80 Avg. Current Mo. Rent: $576 54% One Bedroom, 40% Two Bedroom,6% Three Bedroom Units Property Amenities: Walk-in Closets, Kitchen Pantries Washer/Dryer Connections * Frost-free Refrigerators Wood burning Fireplaces * Private Patios/Balconies * 2 Swimming Pools 1 Jacuzzi Controlled Access Gates Picnic Areas, Charcoal Grills and Playground Laundry Facilities * Select Units Meadows at Ferguson Apartments is under the Land Use Restriction Agreement-(LURA) The proposed loan assumes 25% down with a 30 year amortization schedule.
197 unit C+/B- class asset being as a "cash to note" assumption only, with a supplemental loan available up to 80% of the purchase price for added leverage. Excellent Fannie Mae loan at 4.15% interest which matures November 2019. Well maintained turn key asset built in 1971, but shows like an 80s vintage property or newer! Historically high performer with a $175k increase in income in 2014 over 2013! High occupancy of 98%. Numerous capital improvements include new roofs, parking lot, exterior wood siding/trim replacement, full exterior paint, handrails, steps, interior upgrades, etc. Separate meters for electric, individual HVAC units and boilers for hot water. Ideal asset for a long term hold investor seeking high cash flow in a revitalized transitional area.
33 Units Studio Apartments built in 1983. Each unit has Individual electric meter,HVAC or PTAC, also individual water heater and washer/dryer hook-ups inside. Each unit has either a private balcony or patio and an exterior lockable storage closet. Gated complex with perimeter fencing and large concrete parking with ample spaces. Well maintained property!
TURN KEY, FULLY REHABBED, MAX ROI. ALSO MANY OTHER UNITS. 1031 Support. Selected by Investor for Investors. Our unique program offers only turn key mainstream quality properties highly selected for optimum investor ROI, fully rehabbed, with property management already in place. We connect you with the same professionals (loan, insurance, title, 1031 accommodator, property management, etc) that I use for my own personal portfolio. All properties are owned, managed and fully controlled by Wilson Properties, no assigns or middle man brokered deals, and they are in the same areas that I hold 240 units for my personal long term portfolio. I AM NOT AN AGENT. I am an out of state (CA) investor who primarily invests in DFW because it has the highest rent per invested dollar for a major economic center in the US. DFW is ranked #1 in the nation for projected growth and appreciation and has the most undervalued real estate; there is no bubble here. Follow in the footsteps of a seasoned successful investor who can help you reduce your risks, time and hassle in purchasing quality investments. CAN TAILOR PRODUCTS AND LOCATIONS TO MEET YOUR NEEDS.NEEDS.
Fairmount Garden was built in 1974 with a track record of 100% occupied. The property is very well-maintained with on-site maintain. The property is gated community with laundry room. Seller recently installed new roof. Bring offer!
Quiet and well maintained Condominiums Community. The income producing property.
The last tract of land at Exall Park near Baylor hospital. 54 units, building permit ready to pay for and get going. Have 70% construction loan, have plans, have it all except the $3.8M equity. Equity gets 80% of deal, over 7% cash on cash, 22-25% IRR. Project is leased up before last building, total construction time 10-12 months. Please contact Tom Metcalfe 214 458 8787
198 of total of 248 units for sale in this 80's vintage C Class asset. Financial information reflects income/expenses on only 187 units. Remaining units may be obtained as well from other owners. Seller controls Home Owners Assoc. and HOA management as well as his own management staff. Good unit mix with unique floor plans. Private patios or balconies in every unit. Individual HVAC units, pitched roofs, swimming pool. Family community convenient to schools, shopping, bus line. Historically high occupancy with below market rents. Upside by completing property renovations and increasing rents accordingly.