469-436-8556
, Dallas, TX for Sale
Multi-Family - FOR SALE
1/15
null | Request Cap Rate

East Dallas Portfolio
Dallas, TX
Old East Dallas


HIGHLIGHTS

  • This portfolio includes three apartment buildings located in Old East Dallas: 4931 Bryan (12 units), 4927 Bryan (8 units), and 4818 Junius (8 units)
  • Approximately $111K in capital improvements have been completed by current ownership across the portfolio
  • Upgrades include the installation of individual HVAC condenser and individual condensers
  • This portfolio offers a clear value-add opportunity through multiple strategies and it has recently stabilized at 90% occupancy
  • East Dallas is a well-established residential submarket and its appeal is driven by proximity to major employment centers
  • This Portfolio is being offered free and clear of existing debt

OVERVIEW

This portfolio includes three apartment buildings in the heart of Old East Dallas: 4927–4931 Bryan (20 units) and 4818 Junius (8 units), totaling 28 units. Ownership has invested approximately $111K in capital improvements in the last year, including sewer and water line replacements, new hot water heaters, select HVAC upgrades, and a new roof. While significant work has been completed, there remains meaningful upside. Implementing a RUBS program for water/sewer, consistent with nearby comps, would increase potential revenue by $8,201 annually. Additionally, the 18 units with washer/dryers achieve an average $137 monthly premium over non-W/D units, presenting an opportunity to upgrade the remaining 10 units. The business plan centers on burning off loss-to-lease through the various value-add strategies detailed in the Offering Memorandum. Occupancy has recently stabilized at 90%, with collections increasing to approximately $24K/month, positioning the portfolio for continued improvement under new ownership.

ASK ABOUT THIS PROPERTY

Farhad NejadGreysteelMore Info
469-436-8556

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

Farhad NejadGreysteelMore Info
469-436-8556

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