Updated about 8 years ago on . Most recent reply
106 Unit Value-Add Property in Dallas - Needs Complete Overhaul
I have access to a 106 unit property in Dallas near brand new large commercial buildings in North Dallas. This property needs to be completely overhauled and increase rents with turn over. I am estimating this property to need about $2.5mm in renovations. The list price is $5,300,000 however I recommend a much lower price of around $4.3mm. Once stabilized, the NOI of this property will be about $600k with a value up towards $10mm.
We can provide all the renovations and property management for you once purchased. We are a full service brokerage in Dallas for property investors.
Please message me for more information and I'll e-mail you the spreadsheet on this property.
**Please note, I am not the listing agent, I would represent you as your buyers agent locally in Dallas.