Looking for good area around DFW for multifamily 4-10plex to buy

Investor · Durango, CO · Member since 2008 · 163 posts · 59 votes

May be selling a 4plx soon, looking at DFW area to buy replacement property. Need recommendations of towns feeling growth but not overpriced yet.

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Ronald RohdePro Member
Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
6y
4 plex is not that common in DFW, definitely very very rare to find anything 6-10 unit. Would you do a small commercial property instead?
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Carole G.
OP
Investor · Durango, CO · Member since 2008 · 163 posts · 59 votes
6y
Maybe a grocery store. That's about the only business I'm fairly sure won't get shut down.
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Marlen Weber
Specialist · Plano, TX · Member since 2020 · 2k+ posts · 861 votes
6y
@Carole G. Check out this article for fastest growing, small cities in DFW: https://www.bizjournals.com/da...
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Bruce Lynn
Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
6y
It's not easy finding these small multifamily places. Especially with 1031 pressure if that's what you want to do. I do see them come up occasionally, but less common that you would think.
I would say look north along 380 corridor. This is one of the fastest growing areas of the country. So that is from Denton-McKinney and maybe even a little on either side of those cities now. South of 380 is hotter, so maybe now north of 380 will be what you're looking for.
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