This Multifamily Property is Off-Market.

3939 Rosemeade Pkwy
Dallas, TX 75287 ·

390 Units · Multifamily For Sale

N/A

Print

Rosemeade Court

Price N/A Property Use Type Investment
No. Units 390 Cap Rate 11.07%
Building Size 217,275 SF No. Stories 3
Property Type Multifamily Year Built 1985
Property Sub-type Garden/Low-Rise
Listing ID: 15465096 Date Created: 12/04/2007 Last Updated: 11/16/2009

Description

Rosemeade Court is an attractive residential community consisting of 390 units with floor plans ideally suited for the surrounding demographics. Developed in 1985, Rosemeade Court has two and three story structures, pitched roofs, with brick and wood siding exteriors. Rosemeade Court features individual HVAC units in which the resident pays their own electricity. Tenants are currently being billed for water by management.

The property is located in the desirable Upper Tollway area near the George Bush Turnpike and the Dallas North Tollway. In close proximity are three regional airports as well as the DFW airport, which is the world' s third busiest airport. Rosemeade Court is visible from the George Bush Turnpike, where over 70,000 vehicles pass by the property per day. Leasing activity is anticipated to increase with the recent expansion of Rosemeade Parkway. The immediate area is comprised predominately of apartment communities that are 10 years old or newer; with the majority of the older communities having been substantially upgraded or renovated.

Highlights

  • Class A Location in North Dallas (Upper Tollway)
  • Value Add Opportunity through minimal capital improvement
  • Assumable below market debt at 5.05% or All Cash
  • Located in the desirable Carrollton/Farmers Branch ISD
  • Management Turnaround Opportunity
  • Visibility From George Bush Turnpike (70,000 vehicles per day)

Research

3939 Rosemeade Pkwy, Dallas, TX 75287 (Denton County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Dallas Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

  • 7651 C F Hawn Fwy
    7651 C F Hawn Fwy

    Dallas, TX 75217

    For Sale · $10,000,000

    217,154 SF Building

    Garden/Low-Rise

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)