Dallas, TX - 28M b/o

100% Value Add!!

Proven Upward Mobility with Rents via Lease Trade Outs: In-place rent at the property has grown 3% over the last 60 days. The average effective rent in this submarket is 25% higher than Woodside Flats.

Excellent Neighborhood Demographics: $70,000+ Avg. Household Income within a 1-mile radius of the property. This represents a 22% rent-to-income ratio on-site, well below DFW’s average of 29.7%.

Rental Upside via Unit Renovations: 100% of the units are currently in classic condition, giving new ownership a blank slate to start unit renovations.

Opportunity for Increased Revenue & Significant Savings: New ownership can enhance other income by adding fees for carports and implementing bulk and internet cable services. Aqua Mizer, a 3rd party provider, anticipates a 35% reduction in water costs after implementing a water conservation method.

Professionally Managed and Maintained: Roughly $2.3M has been spent on exterior improvements, plumbing, leasing office, and pool improvements.

Studio, 1, 2, 3-Beds | One to Two Bath