3939 Rosemeade Pkwy
Dallas, TX 75287 ·
390 Units · Multifamily For Sale
|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|
|Listing ID: 15465096||Date Created: 12/04/2007||Last Updated: 11/16/2009|
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.
- 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)
7651 C F Hawn Fwy
Dallas, TX 75217
For Sale · $10,000,000
217,154 SF Building
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