806-543-5980
3706 W 8th St, Dallas, TX for Sale
Apartments - FOR SALE
1/27
null | Request Cap Rate

3706 W 8th St
Dallas, TX 75211
Mountain View


HIGHLIGHTS

  • $3MM+ in Value Enhancement
  • ~75% Are 2-3 Bedroom Units - Up To 1,281 SF
  • $62,000+ Median Area Income - 5-Mile Radius (Yardi)
  • Lender Owned-Basis Reset
  • Within 10 Minutes of the Bishop Arts District, Trinity Groves, and Downtown Dallas
  • Located in a Qualified Opportunity Zone

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of Costa Bella, a unique, value-add opportunity in Dallas, Texas. Originally constructed in 1961, the property consists of 161 units with an average unit size of 837 square feet. Costa Bella offers a diverse mix of one-, two-, and three-bedroom floor plans, with approximately 75% of the units (119 total) comprised of highly desirable two- and three-bedroom layouts. The property was recently foreclosed upon and is currently 78% occupied, presenting a compelling value-add opportunity for a new investor to execute a lease-up strategy. Costa Bella is being offered free and clear of existing debt. Location: Located in Southwest Dallas, Costa Bella Apartments benefits from excellent connectivity to major employment and retail corridors via Interstate-30 and Loop-12. The property offers convenient access to Downtown Dallas, which is less than 10-minutes away, providing residents with proximity to one of the nation’s strongest employment centers. Costa Bella is strategically positioned within the rapidly evolving Oak Cliff submarket, benefiting from continued retail and mixed-use investment throughout Southern Dallas. Residents enjoy convenient access to the Bishop Arts District and Trinity Groves, two of Dallas’ premier dining and entertainment destinations. Additionally, significant public and private investment is occurring throughout Southern Dallas, including the 270-acre University Hills development and the 90-acre Rivulet mixed-use project, which will collectively deliver millions of square feet of commercial space, new retail amenities, restaurants, and employment opportunities. The continued redevelopment of The Shops at RedBird further reinforces the area’s long-term growth trajectory and retail expansion.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

161

CAP RATE

Request Cap Rate

% LEASED

35%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Costa Bella

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.62 AC

LAND SF

244,807 SF

ZONING

Z164

APN/PARCEL ID

00000306508000000,00000459928000000,00000459931000000,00000459946000000

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
806-543-5980

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Chase DavisThe Multifamily GroupMore Info
806-543-5980

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