$825,000

Apartment In Dallas

  • 8 Beds
  • 8 Baths
  • 5,136 Sqft
  • 7,928 Sqft lot
  • Updated: Today
  • Source:
    North Texas Real Estate Information Systems (NTREIS)  MLS#21227705

About the Property

This prime 8-unit multi-family asset offers a streamlined, low-maintenance entry into the high-growth Northwest Dallas rental market. The property features a uniform mix of 1-bedroom, 1-bathroom units, all of which have been recently enhanced with fresh paint and durable vinyl flooring, significantly reducing immediate capital expenditure and allowing a new owner to focus on operations rather than
This prime 8-unit multi-family asset offers a streamlined, low-maintenance entry into the high-growth Northwest Dallas rental market. The property features a uniform mix of 1-bedroom, 1-bathroom units, all of which have been recently enhanced with fresh paint and durable vinyl flooring, significantly reducing immediate capital expenditure and allowing a new owner to focus on operations rather than renovations. The investment structure is highly predictable, with all residents on 12-month leases that concurrently renew on July 1st, providing an ideal window for annual market-rate adjustments across the entire portfolio. A few units are currently available following recent turnover, this vacancy presents a strategic opportunity to capture current market premiums without the delay of lease expirations. Each unit boasts 8-foot ceilings, fully equipped kitchens, with all appliances and the high-demand convenience of in-unit washer and dryer hookups. Historically favored by professional tenants, the location provides exceptional connectivity to major regional employment engines, including Dallas Love Field Airport and the UT Southwestern Medical District. With quick access to I-35E and the Dallas North Tollway, this asset is positioned to benefit from the sustained demand for housing in one of the city’s most rapidly appreciating zip codes. Full financials and utility records are available for review upon request.
  • Property type

    Apartment

  • Year built

    1982

  • Price/sqft

    $160

Features

  • Investment Property
  • Parking
  • High Ceiling

Explore the Area

3209 Norwalk Avenue, Dallas, Texas, United States View on Google Maps
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Lion Drive Realty - Webster

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Lion Drive Realty - Webster
Texas, United States
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Lion Drive Realty - Webster
Webster, Texas, United States
View agency profile
Last updated
Today
First listed
September 22
Listing reference
21227705
Listing status
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