1314 Peabody Ave | Dallas, TX 75215
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- LoopNet Team
1314 Peabody Ave
Dallas, TX 75215
Peabody Avenue Apartments · Multifamily Property For Sale
·
38 Units
INVESTMENT HIGHLIGHTS
- 1314 Peabody has a history of high occupancy and has been redesigned as a safe, community-focused residence providing stable income.
- 1314 Peabody offers an attractive 8%+ cap rate with opportunities to increase rental income by addressing under-market leases.
- The Cedars, just south of downtown, is an entertainment hub with venues, bars, breweries, and galleries, known for its edgy industrial vibe.
- The Cedars has experienced a 6.1% YoY rental growth, leading the DFW Metroplex, indicating strong market confidence and growth opportunities.
PROPERTY FACTS
| No. Units | 38 | Building Size | 17,780 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 0.73 AC | ||
| Zoning | MF2 | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 17,780 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | MF2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Ceiling Fans
- Hardwood Floors
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 23 | $873.50 | 400 |
| 1+1 | 4 | $939.50 | 650 |
| 2+1 | 11 | $1,062 | 850 |
PROPERTY TAXES
| Parcel Number | 00000142222000000 | Improvements Assessment | $1,592,000 |
| Land Assessment | $308,000 | Total Assessment | $1,900,000 |
PROPERTY TAXES
Parcel Number
00000142222000000
Land Assessment
$308,000
Improvements Assessment
$1,592,000
Total Assessment
$1,900,000
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