$1,500,000 USD
480-718-5555
3414 Asbury St
Dallas, TX 75205
University Park
HIGHLIGHTS
- Demand for high-quality off-campus rentals near SMU remains strong year after year.
- Guarantors (primarily affluent parents) significantly reduce default risk.
- Premium rents are achievable even for small-unit properties. | Vacancy risk is extremely low due to constant demand pressure.
- SMU only houses approx. 50% of its undergraduate students beyond freshman year.
- Students overwhelmingly prefer walkable, upscale housing — especially sorority/fraternity upper-classmen.
- Many students move off campus after Year 1, creating consistent demand for 2nd, 3rd, and 4th-year housing.
FOR SALE DETAILS
PRICE
$1,500,000 USD
PRICE/SF
$811 USD /SF
CAP RATE
5.06%
% LEASED
100%
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gilded Spur | Walking to SMU | Dallas
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Residential Income
ADD'L SUBTYPES
Dormitory
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.08 AC
LAND SF
3,586 SF
ZONING
Z289
APN/PARCEL ID
60216550510270100
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480-718-5555
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480-718-5555
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