Off Mrkt DALLAS 137 Unit Apt - $7.4m - Utilities Billback Upside!

[Elan Spreiser]

137 Unit complex 15 minutes from Central Dallas. Property is comprised of 159 rentable units, but 22 are smaller and are A or B units (123A, 123B, 124A, etc.).

68 1-Beds & 69 2-Bed Units. Site Amenities include laundry facilities and a pool. All units are wheelchair accessible and have a balcony. All utilities are included in the rent (Billing-Back Upside!).

Property is in the process of being fully rehabbed; still needs ~$500-600k to finish the job but it will be finished before the sale. Upon completion, 1-Bed rents could be raised ~$100 and 2-Bed Rents ~$30, according to rent comparables in the Dallas area.

*** NOTE: Ask me about 404 Unit 2 property package in Dallas also - Currently 80% Occupied at an 8%CAP - Pro Forma 10+% CAP

DM/Call/Text for more details - will send NDA/OM!

Elan Spreiser

Cell: 1.520.349.6749 (call/text)

Office: 1.480.409.4404

Email: [email protected]

Website: www.StrattonCommercial.net Stratton Real Estate Group

of Keller Williams Southern Arizona in Arizona

& in association with JDS Real Estate Services, Inc.