Historical Multifamily Sale Listing - Rosemeade Court

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Dallas, TX or Texas

Rosemeade Court

3939 Rosemeade Pkwy, Dallas, TX 75287

N/A

390 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
390
Building Size:
217,275 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
11.07%
No. Stories:
3
Year Built:
1985
Listing ID
15465096
Last Updated
over 1 year ago

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)

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.

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

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

  • Demographics – Population, income & other demographics near 3939 Rosemeade Pkwy
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
Created 12/4/2007