Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
20,306
Incredible 18-unit value add opportunity priced below area market rents. The investment opportunity has a mix of 4 2-bedroom units and 14 3-bedroom. units. Parking is 2.2 spaces per unit with a separate storage unit for each unit. Recently improved units are stabilized at 1500 per unit. See Offering Memorandum for details. Garland-Rowlett is a primarily blue-collar submarket located east of the demographic and office-using employment growth north of Dallas. From a development and investment perspective, the submarket offers several benefits. Rent growth continues to register above pre-crisis norms. A surge in renter demand pushed rent growth to record performances in 2021. Properties in the northwestern part of the submarket aim to tap into spillover demand created by the growth in the northern suburbs, particularly the CityLine development in Richardson. Most of that growth falls along the George Bush Tollway, a key thoroughfare for commuters.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Attached Carport, Off Street
-
Pool
No
Area & Lot
-
Lot Size(acres)
1.232
-
Property Type
Commercial Sale
-
Property Sub Type
Business
Price
-
Sales Price
$2,700,000
-
Tax Amount
42864.0
-
Zoning
Apartment
-
Sq. Footage
20, 306
-
Price/SqFt
$132
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Slab
-
Sewer
Public Sewer
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Dallas
Elementary School
Middle School
High School
Listing Courtesy of Britt Morris , Halo Group Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Office and Team Coordinator
Mhamer Sas
Call Mhamer today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.