Real Estate Investor · Dallas, TX · Member since 2011 · 529 posts · 48 votes
Five Stream Ventures, LLC would like to present you with the opportunity to acquire this 120 unit apartment complex near Dallas, Texas.
Asking Price - $7.1 MM (plus 3% buyer's fee)
Location - Garland, TX (Suburb of Dallas, TX) Year Built - 1965 and 1963 Building Class - Class C Units - 120 Unit Mix - Efficiency, 1/1, 2/1, 2/2, and 3/2 units. Occupancy - 97% as of Feb 2019 NOI - $483,772 Gross - $1,152,232 Going In Cap Rate - 6.6% Pro Forma Cap Rate - 9.81% Contact us if you would like more information on the property.