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Multifamily For Sale • 15,004 SF
| ?Two apartment communities in Old East Dallas — 1221 Abrams (12 units) and 4600 Gaston (8 units), totaling 20 units |
| ?Unit mix: ten one-bedroom units averaging 642 SF and ten two-bedroom units averaging 894 SF, among the larger floor plans in their class |
| ?Going in cap rate exceeding 8% on a tax-adjusted basis |
| ?Stabilized, cash-flowing assets with the ability to step into positive leverage from day one |
| Comparing the market rents by floor plan against the average in-place rents reflects a difference of approximately $82 per unit |
| ?Proximity to major employment centers including Downtown, Uptown, Baylor University Medical Center, and Southern Methodist University |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Victory Station (DART LIGHT RAIL - GREEN LINE - Dallas Area Rapid Transit (DART), DART LIGHT RAIL - ORANGE LINE - Dallas Area Rapid Transit (DART), TRINITY RAILWAY - Dallas Area Rapid Transit (DART)) | 9 min | - | 4.4 mi |
| Medical/Market Ctr Station (TRINITY RAILWAY - Dallas Area Rapid Transit (DART)) | 13 min | - | 6.3 mi |
| Airport | Drive | Walk | Distance |
| Dallas Love Field | 17 min | - | 7.8 mi |
| Dallas-Fort Worth International | 33 min | - | 23.8 mi |
Farhad Nejad
Greysteel
Farhad Nejad
Greysteel
