2732 Colorado Boulevard - Mill Run Apartments, Dallas, TX

The Mill Run Apartments consist of 112 units in three buildings spread out on a
4 acre site. This strong cash flowing apartment community provides a 21.5% cash on cash return based on the Actual 2009 P & L. Great for the investor who wants to step in and not re-invent the wheel! Excellent maintenance staff in place if purchaser chooses to retain. Renovation from 2008/2009 included Full Exterior Paint and Carpentry, Remodeled Leasing office, Digital Thermostats, Massaging Water Saver Shower Heads and parking lot overlay.

This investment opportunity has an excellent mix of 60% two bedroom floorplans and 40% 1 bedroom floorplans with an average size of 818 square feet.
Individual HVAC systems are roof mounted!

Located on the North side of Oak Cliff, this 4 acre site is adjacent to several new nationwide premier companies newest stores such as McDonalds(2/10), Comerica Bank(4/10), Home Depot and a Citibank Branch! The property provides strong current cash flow with a unique ability to redevelop in the newly formed Fort Worth Avenue TIF. The site will provide skyline views as well as views of the signature bridges and Trinity River Redevelopment!