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.