1443 S Ewing Ave
Dallas, TX 75216
Oak Arms · Multifamily Property For Sale · 8 Units

The Oak Arms apartment is an 8 unit property located in Dallas, TX. The property is currently 100% occupied and was remodeled down to the studs in 2013 with double insulated walls, energy efficient windows, and a new water heater. There is an on-site laundry facility with owned machines. Current management company can continue to manage the property with the new owner. The property is stabilized with all bills paid, features secured gated parking and easy access to Downtown Dallas and Oak Cliff. LOCATION OVERVIEW Dallas-Fort Worth-Arlington is the 4th largest metropolitan area in the nation. According to data from US Census Bureau, the DFW metro area gains another person every four minutes and ten seconds. Dallas is the 9th most populate city in the US and the 3rd most populated city in the state. Since 2006, Dallas has added households at an annual rate of 2.0%. The growth forecast, according to Reis, is 2.9% for 2016 and 2017. The fast-paced growth in generating a dynamic multifamily market for the city. Average asking rental rates have risen steadily since 2009. The South Dallas multifamily submarket has over 3,000 units at 92.8% occupancy and an average rental rate of $807 per unit. While the submarket is performing just below the Dallas average, the submarket has historically and is forecast to perform in line with the greater market. COMMUNITY FEATURES • Controlled access gated parking. • On-site laundry facility with owned machines. • Easy access to Oak Cliff and Downtown Dallas. • Emerging Oak Cliff area within the Dallas Business District, Urban core. • Fastest growing class C rents in North Texas INTERIOR FEATURES • Down to the studs remodel in 2013 with double insulated walls, energy efficient windows, insulated attic and new water heater. BULLETS HEADLINE • Rent currently includes all utilities, new owner could implement RUBS for the Water and Electricity. • There is NO deferred maintenance on the property. • The current management company can continue to manage with the new owner. • In place management and seamless property transition for a passive investor.