Historical Multifamily Sale Listing - Bayou Bend

Multifamily For Sale

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Bayou Bend

3353 Lombardy, Dallas, TX 75220

N/A

308 Units | Multifamily

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Poolside View of the Bayou Ben

Multifamily Property - Off Market

Price:
N/A
No. Units:
308
Building Size:
236,868 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.10%
Gross Rent Multiplier:
5.22
Occupancy:
96%
No. Stories:
3
Year Built:
1981
Lot Size:
9.78 AC
Listing ID
15790713
Last Updated
over 1 year ago

Highlights

  • Assumable Interest Only Financing - 6.04%
  • Upside in Rents
  • Well Located - DART Rail Station in 2010
  • Seller Will Consider Unique Financing to a Qualified Buyer
  • 16% Cash on Cash - Proforma - Burn Off Concessions

Description

This 80s built, 308 unit apartment complex provides a solid cash flow for an investor that is wanting a value add play located close to a new light rail station coming in 2010. With solid occupancy over 90 percent consistently, and the submarket showing sign of increasing rents, this property is poised to increase cash flow for a savvy investor looking for some upside.

Located on Lombardy, just west of Webb Chapel Extension, and east of Denton Rd./DART Rail Line,

Map of 3353 Lombardy, Dallas, TX 75220 (Dallas County)

Research for 3353 Lombardy, Dallas, TX 75220 (Dallas County)

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