214-697-5720
2211 S Vernon Ave, Dallas, TX for Sale
Apartments - FOR SALE
1/32
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2211 S Vernon Ave
Dallas, TX 75224
Elmwood


HIGHLIGHTS

  • Prime Location: Located in the heart of Oak Cliff, two blocks west of I-35E and minutes from the Bishop Arts District
  • Significant Capital Improvements ( Over $1MM Spent), Modernized Interiors with About 35% or More Renovated
  • Value Add by Stabilizing/Capturing Rent Premium and Expense Reduction
  • Increase Other Income by increasing the number of reserved parking spaces to 14, adding 14 carports, & implementing W/D connections in remaining units

OVERVIEW

Olive @ Vernon is a 40-unit multifamily community located in the Oak Cliff submarket of Dallas in Dallas County, TX. Situated at 2211 S Vernon Avenue, Dallas, TX 75224, the property was built in 1969 and consists of 7 two-story buildings with brick siding and pitched composition shingle roofs. Olive @ Vernon offers a mix of spacious one- and two-bedroom floor plans featuring fully equipped kitchens, ceiling fans, and washer and dryer connections in select units. Community amenities include a central courtyard, on-site laundry facilities, newly added pet park, and reserved parking. The property spans approximately 1.7 acres and features mature trees, open green space, and surface parking throughout.

FOR SALE DETAILS

PRICE

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# OF UNITS

40

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive at Vernon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Z164

APN/PARCEL ID

00000468316000000

ASK ABOUT THIS PROPERTY

214-697-5720

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214-697-5720

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