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Kent Apartments
3810-3820 West Walnut Street, Garland, TX 75042
N/A
59
45,404 SF
Multifamily
Garden/Low-Rise
Investment
10.41%
4.20
95%
2
1961
2.30 AC
-
Last Verified 10/5/2010
Listing ID 16556559
Highlights
New Rec Center under construction accross the street- Seller-owned Laundry w/new commercial grade machines
- * Cap Rate is proforma (with current rent increase completed) 90-day trailing CR is 8.75%
- COOP commission is negotiable
- 18.7% Cash-On-Cash Return (proforma), 12.1% current
Description
Fully renovated 5 building complex in the northeastern Dallas suburb of Garland. Good economic market with strong rental demand. Management is 75% of the way through a rent increase cycle to those listed in Proforma. Lots of additional upside from under utilized income sources (parking, storage, vending) and reduction of operating costs (addition of central chiller system). New multi-million dollar recreation center right accross the street to be completed by end of year. Seller owned laundry with new commercial grade machines. Office is presently in 1 Bdrm unit but could be leased. Other smaller dedicated office space exists. Great Cash Flow Investment!
Near intersection of Walnut St & Jupiter Road, Garland, Texas
Map of 3810-3820 West Walnut Street, Garland, TX 75042 (Dallas County)
Created 2/2/2010
Additional Information for 3810 W Walnut Street, Garland, TX 75042
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The information above has
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it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
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property to determine to your satisfaction the suitability of the property for your needs. TB-BSO