972-379-9862
1607 N Carroll Ave, Dallas, TX for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

1607 N Carroll Ave
Dallas, TX 75204
Knox Henderson


HIGHLIGHTS

  • In-Place T-12 Cap Rate North of 10% with Average Rents at $1,888
  • Washer and Dryer Connections in Every Unit
  • Individual HVACs & Hot Water Heaters
  • Urban Area in Old East Dallas, Close to Lower Greenville, Deep Ellum, and Downtown Dallas
  • Easy Access to Interstate-75 and Local Bus Lines
  • $93,000+ Median HH Income in a 3-Mile Radius*

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of North Carroll Terrace, an all-bills-paid, 20 unit community located in Dallas, Texas. Built in 1959, the property features 350-square-foot efficiencies and is currently 90% occupied, with only two vacancies. Approximately 80% of the current residents receive housing assistance. The asset is being offered free and clear of existing debt. Location: North Carroll Terrace is located in the heart of Old East Dallas, just minutes from Uptown, Downtown, and the bustling Knox/Henderson corridor. Residents enjoy easy access to the Katy Trail, local parks, and a vibrant dining and nightlife scene along Henderson and Greenville Avenues. With close proximity to major highways like US-75 and public transit options, the location offers both convenience and connectivity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Carroll Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

MF-2

APN/PARCEL ID

00000118087000000

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

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