This Multifamily Property is Off-Market.

9302 Forest Lane
Dallas, TX 75243 ·

79 Units · Multifamily For Sale

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Woodside Lane Condos 79 Units

Price N/A Property Use Type Investment
No. Units 79 Commission Split 3%
Building Size 50,950 SF Cap Rate 10%
Property Type Multifamily Occupancy 98%
Property Sub-type Mid/High-Rise Lot Size 1 SF
Listing ID: 16292234 Date Created: 06/24/2009 Last Updated: 04/06/2011

Description

This is wonderfully well maintained gated complex with lots of charm. Close to bus lines, major roads and across the street from a Walmart superstore!
This price is for 79 units of 114 units. There is also a $45,000 a year management contract, and. The seller will also include his places on the HOA Board which carries a majority vote and a Quorum every time the Board meets. With this you can amend the bylaws at anytime.
Seller will consider finacing 30% with full price offer.
The seller is willing to retain the management of the HOA if needed.
There are three employees in place, all under contract labor (1 office manager, 2 fulltime maintenance men that take care of the yard , pool, trash etc. )
All maintenance tools and equipment to remain with the property (Lawn care equipment, carpet installment equipment/cleaning, AC repair, paint sprayers etc.)
All appliances remain (stoves, refrigerators, dishwashers, washer and dryer stack units)

North Dallas just south of LBJ Freeway

Research

9302 Forest Lane, Dallas, TX 75243 (Dallas County)

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