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11911 Marsh Ln
Dallas, TX 75234
The Burgundy Apartments · Multifamily Property For Sale
·
137 Units
PROPERTY FACTS
| No. Units | 137 | Lot Size | 7.48 AC |
| Property Type | Multifamily | Building Size | 119,202 SF |
| Property Subtype | Apartment | Average Occupancy | 82% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built | 1972 |
| Zoning | MF-2(A) | ||
| No. Units | 137 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.48 AC |
| Building Size | 119,202 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | MF-2(A) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Tile Floors
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Pool
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
ABOUT 11911 MARSH LN , DALLAS, TX 75234
Price: $11,000,000 Total Units: 111 Terms: Available All Cash Total Square Feet: 119,202 Location: Dallas Year Built: 1972 Description Burgundy Apartments presents investors with an excellent opportunity to acquire an infill located multifamily asset in North Dallas with tremendous upside potential. The Property has an exceptional “inside the loop” location near major employment drivers and boasts a high average household income of $97,000 within one mile. The infill location adds to the stability of the asset and also the submarket, which has averaged over 95.4% for the past 5 years. The Offering presents an opportunity for a new investor to acquire 111 apartments (out of 180 total included in the HOA) spread across 7.46 acres. Current ownership has control over the entire HOA, controlling all three of the Board seats. The Property has the largest units in the submarket averaging 1,074 square feet and features a unit mix consisting of 86% two and three bedroom floor plans with washer/dryer connections in every unit. On-site amenities include two swimming pools, three laundry centers, playground and outdoor terrace along with on-site maintenance. Burgundy is offered free and clear of existing debt, allowing unrestricted debt financing in a historically low interest rate environment.
