Two newly renovated properties in DFW and San Antonio Metroplex. The fastest appreciating market in the country!! Both properties have been completely renovated with new roofs, windows, HVAC, water heaters, floors, granite, countertops, cabinets, fixtures, tubs, toilets, tile and all in better than new condition! High end finishes in great neighborhoods!!
This highly profitable portfolio consists of 10 units in multiple bldgs (2,4,5,9,11,28 & 30) currently at 100% occupancy. All units have 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, P&L and rent roll are available to qualified buyers providing proof of financial capability to perform. All information to be verified by Buyer. Owners association dues cover: Yard Maintenance, Exterior Maintenance, Facilitie
The property is 7500 SF of land with 4000 SF of building. The building is fully leased, but the real opportunity is in the development of high-rise apartments/condos or an office building.
Villa Bonita is a 232 unit community that is conveniently located in Dallas, Texas just off of Interstate 30 about 10 minutes east of downtown. The property is located along public transportation routes, and is convenient to nearby retail, employment and schools. Such convenient proximity combined with a unit mix comprised of mostly two and three bedroom units make this an ideal place to live for families. Also, Eastfield College with its 13,000 student enrollment is located next door to Villa Bonita. Villa Bonita offers a new investor the opportunity to acquire a large multifamily property in one of the nation's fastest growing markets and enjoy returns in excess of 15% from day-one of ownership. The property is also available free and clear of existing debt, which opens up a wide array of attractive financing options. Additionally, there is rental upside on the table through interior upgrades that has already been proven. Dallas also anticipates 7%+ effective rent growth in 2015.
The offering is a portfolio of two side by side income producing apartment complexes totaling thirty units. The properties are located in the north Oak Cliff area of Dallas, minutes from the CBD and the Bishop Arts District with restaurants, bars, retail and services. The first property is a sixteen unit complex with eleven 1/1 units, two 2 /1 units and three 2/2 units. The two story structure was built in 1961 and has approximately 11,450 sqft of net lease area. The lot is approximately 18,250 sqft. The foundation is pier and beam. The roof is flat, covered with tar and gravel. The HVAC is provided by Central and window units. Hot water is provided by a central hot water heater. The second property is a fourteen unit complex with fourteen 1/1 units. The two story structure was built in 1958 and has approximately 8,600 sqft of net lease area. The lot is approximately 18,200 sqft. The foundation is pier and beam. The roof is pitched, covered with composition shingles. The HVAC is provided by window units. Hot water is provided by a central hot water heater. Electricity is individually metered and paid by the tenants in both assets.
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
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.
$399,500Size Upon Req.
HERE WE HAVE 16 STUBS FOR RV PARKING. THERE IS CURRENTLY A COUPLE OF MOBILE HOMSE THERE BUT NO MORE WILL BE ALLOWED PER OWNER. 8 PLACES ARE LEASED OUT AT $300 PER MONTH
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.
Price Upon Req.40,670 SF
2 story garden apartment built in 1973 and extensively renovated in 2013. Exterior building upgrades include new paint and trim, hardie-wood siding and TPO roofing. Interior unit upgrades consist of new granite tile flooring, vinyl faux-wood flooring, bathroom tubs and tile walls, appliances, mini-blinds and ceiling fans. Courtyard area has a new covered pavilion with BBQ grills and playground equipment. Onsite management office and maintenance personnel are available to meet tenant requests.