1519 Annex Ave - Apartments FOR SALE


Dallas, TX 75204- Knox Henderson
$11,900,000 USD
214-207-8581
1519 Annex Ave, Dallas, TX for Sale
$11,900,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1519 Annex Ave
Dallas, TX 75204
Knox Henderson


HIGHLIGHTS

  • Prime Location in the Heart of East Dallas
  • Renovated in 2020-Fully Gutted and Modernized ($84,000 in CapEx per unit)
  • 112-Unit Community with Strong Operating Scale
  • Expansive 92,000+ SF Lot, Over 2 Acres
  • Efficient Site Plan, with Garden-Style Layout, Community Areas, and Gated Parking
  • Established Rental Demand Neighborhood

OVERVIEW

The Eastern is a 112-unit multifamily community that underwent a comprehensive renovation in 2020, with more than $84,000 in capital improvements per unit. The property offers investors a turnkey asset with limited near-term capital needs. The Eastern is located in the rapidly evolving East Dallas submarket—an area experiencing robust residential and commercial growth. With limited availability of affordable, well-situated rental options nearby, the property is ideally positioned to attract strong demand from Dallas’s expanding population of professionals. Situated on 2 acres, The Eastern comprises five garden-style buildings featuring pitched roofs, gated access, and ample surface parking. Each unit offers open layouts with walk-in closets, in-unit laundry, full suite of stainless steel appliances, LVP flooring throughout, and select units have vaulted ceilings. The Community amenities include a large courtyard with outdoor seating, grilling stations, and a dog park—catering to today’s lifestyle. Reach out today to find out more information on The Eastern.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

112

PRICE/UNIT

$106,250

CAP RATE

Request Cap Rate

% LEASED

73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Eastern

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,550 SF

ZONING

MF-2(A)

APN/PARCEL ID

00000118243000000

ASK ABOUT THIS PROPERTY

Grant GuestPerry Guest CompanyMore Info
214-207-8581

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Grant GuestPerry Guest CompanyMore Info
214-207-8581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.