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1117 Franklin St 21 Unit Apartment Building $2,550,000 ($121,429/Unit) 4.76% Cap Rate Hutchins, TX 75141
Investment Highlights
- 100% occupancy with proven in-place rents
- Value-add potential through interior improvements and rent increases
- Strong local tenant demand driven by employment growth in South Dallas (warehouse jobs in Hutchins)
- Incredible location a minute off I-45 in a quickly expanding city south of Dallas
- Strategically located near I-45, I-20, Chick-fil-A, and major logistics centers (FedEx, Amazon)
- Total Units: 21 (All 2BR/1BA) | Parking: 38 Spaces | Zoning: Multi-Family Residential
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
| Price | $2,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $121,429 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 4.76% | Building Size | 13,560 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Zoning | Z09 | ||
| Price | $2,550,000 |
| Price Per Unit | $121,429 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 13,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | Z09 |
Amenities
Unit Amenities
- Washer/Dryer
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 21 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,623,320 | |
| Land Assessment | $71,820 | Total Assessment | $2,695,140 |
Property Taxes
Parcel Numbers
Land Assessment
$71,820
Improvements Assessment
$2,623,320
Total Assessment
$2,695,140
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1117 Franklin St
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