Built in 1985 -Consisiting of 55 units (one unit is being used as the leasing office). 3 story Brick with Wood Siding.Individual AC/Heat, Hotwater Heaters, Swiming pool, Approximately 12 units have been fully renovated receiving the higher rents.
Completely renovated in 2005 with 5 units updated in 2015. Renovation included new pier & beam foundation, plumbing, electrical, interior dry wall, paint, carpet, washer & dryer connections, HVAC, cable, individually metered, pitched roof, perimeter gate & fencing, covered parking. Unit updates included new luxury vinyl plank (LVP) flooring & track lighting in living & kitchen, granite counters in kitchen, more cabinets in kitchen & bath.
FOR MORE INFORMATION ON THIS PROPERTY CALL SHAHIN PAROO AT 469-233-3455 or email at email@example.com. ALL 8 UNITS ARE INDIVIDUALLY METERED FOR WATER AND ELECTRICITY. ALSO, EVERY UNIT IS DEEDED AS ITS OWN UNIT, SO POTENTIAL BUYER COULD SELL UNITS SEPERATELY TO MAXIMIZE PROFITS. PROPERTY IS SELLING AT A VERY HIGH CAP RATE, AND HAS LITTLE TO NO MAINTENANCE EVERY MONTH SINCE OPENING IN APRIL. RENTS ARE SET TO INCREASE IN LEASE AFTER 1 YEAR TO $900-$950, INCREASING PROFIT AND CAP RATE. 100% occupied with little to no headache!
The Nantucket Island Apartments consist of 50 units built in 1968. The property is comprised of one, two-story rental building. The improvements totaling approximately 32,972 square feet of rental space are situated on an approximately 1.22 acre site with a density of 41 units per acre. The property is currently zoned "Community Retail District". Units range in size from 549 sf to 817 sf with an average unit size of 659 sf. The exterior veneer is mostly painted brick, with pitched, composition shingled roofs (new in 2013), concrete slab foundations and an asphalt parking lot/drive. The HVAC is provided by way of a central two-pipe chiller system.
This highly profitable portfolio consists of 10 units across multiple buildings that are currently at 100% occupancy. All but 1 unit has been updated since 2009! Some units have faux wood, others have carpet. Each has a hot water tank, W/D connection & most have a microwave. Roof is less than 5 yrs old and recent upgrades to the community include the parking lot & driveways. Each unit has 1 assigned, covered parking space. There is ample open, uncovered parking. All units are 1 bedroom, 1 bath but not identical floor plans so there are some sqft differences between the units. Community amenities include 3 pools, a tennis court, a clubhouse and gated access. Upside potential through increasing rent rates to current market rental rates and charging for pet and late fees. Perfect starter portfolio for newer investors or great cash flow vehicle for long term investors looking to place capital in a stable, predictable market. Actual financials/T-12 and rent roll will be provided to qualified buyers upon execution of CA. All information to be verified by Buyer. Owners association dues cover: Yard Maintenance, Exterior Maintenance, Facilities
The offering is a twelve unit apartment complex located in the great rental neighborhood of Oak Lawn in Central Dallas. The property was built in 1930. The total building square footage is approximately 7,600. The lot is approximately 7,175 sqft. The roof is pitched and was replaced in 2005. The foundation is a combination of pier and beam and concrete and steel. The HVAC is provided by window units and electric radiators. The units are individually metered for electricity and paid by the tenants. Water, gas and trash are paid by the tenants via a utility recapture fee paid separately from the rent. Over $175,000 has been spent in capital improvements. The improvements included: Gut renovations of all bathrooms and kitchens, Granite slab counters and designer backsplashes in the kitchens, New stainless steel appliance packages throughout, New fixtures, hardware and ceiling fans throughout, Sanding and refinishing of original hardwoods throughout the property, New paint throughout the apartments and inside the building, Painted the entire facade of the property, Created fenced-in back patio sitting area with gas bbq grill, New heating and A/C units throughout, and much more.
Price Upon Req.84,018 SF
La Sierra has convenient access to Downtown Dallas and Love Fiel Airport located near Highland and University Park. AAA location for new townhouse or new apartment development
The offering is a portfolio of four income producing apartment complexes totaling fifty (50) units. The first property is a sixteen unit complex with eleven 1 bedroom/1 bath units, two 2 bedroom/1 bath units and three 2 bedroom/2 bath units. The second property is a fourteen unit complex with fourteen 1 bedroom/1 bath units. The third property is a twelve unit complex with twelve 1 bedroom/1 bath units. The forth property is an eight unit complex with seven 2 bedroom/1 bath units and one 1 bedroom/1 bath unit. Electricity is individually metered at all the properties and paid by the tenants.
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Price Upon Req.4,403 SF
US Treasury Dept. Public Auction - Wed. Sept. 16 at 1pm, Held onsite. Luxury Condo located on the 17th floor. Fearutes spectacular views of the Dallas Skyline from the north and west side terraces. A BR on each of the 3 levels, upgraded fixtures, 4 BA including a master bathroom with separate soaking tubm shower and bidet. Living room with a wet bar, wine cooler, dining room, family room, elevator access, guarded entry, valet service, 2 parking spaces and much more. INSPECT: Tues. 9/8 & Sun. 9/13 from 1-4pm.
$1,700,000Size Upon Req.
Very good return on this 40 unit Class C apartment complex. Turn-key staff in place and available to stay after sale or depart with sale. Roof replaced less than 3 years previous. Individual metered electric to each unit. Current cap rate of 6.37 with initiatives underway to raise cap rate to 8+ by end of 2015.