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1443 S Ewing Ave
Dallas, TX 75216
Oak Arms · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 5,680 SF |
| Property Subtype | Apartment | Average Occupancy | 88% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1966 |
| Zoning | Z239 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,680 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1966 |
| Zoning | Z239 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Window Coverings
SITE AMENITIES
- Controlled Access
- Gated
ABOUT 1443 S EWING AVE , DALLAS, TX 75216
***** VIEW www.loganwaller.com for off market properties and exclusive listings NOT ON LOOPNET! ***** Financials and the Offering Memorandum can be found on our website using the link below. This 8-unit Multifamily property located in South Dallas is currently operating at an NOI of $47,946 at a 7.38% cap rate on actuals. The property consists of 2 Bed 1 Bath units at 710 SF. 7 of 8 units are currently leased at $890, with 1 vacant unit. This is a turnkey investment in an Opportunity Zone, presenting new ownership with the opportunity to capitalize on renovated units and proven rents throughout the property. All unit interiors have been renovated in the last 3 years, featuring new hardwood floors and appliances. There is a laundry facility on-site with a washer and dryer. Annual laundry income is over $1,400. Unlevered IRR on this investment is 10.35%. Financials and the Offering Memorandum can be found on our website using the link above. LOCATION OVERVIEW Less than 5 miles from the Central Business District, the South Dallas submarket offers great proximity to major employment nodes in one of the largest markets in the country. Although the submarket has historically suffered from a weak local economy and high crime rates, many developers have targeted this area as the next big thing in Dallas. Deep Ellum and the Bishop Arts District have seen considerable amounts of development in the retail and office sectors, providing an attractive alternative to expensive Downtown spaces. Inflated pricing in the Downtown, Uptown, and Park Cities markets have prompted investors to search for more affordable options with high upside in Southeast Dallas. Annual turnover in the submarket has averaged almost 15% since 2014, driven by healthy sales activity in older, vintage properties. Most of the rent growth seen in Southeast Dallas recently has been concentrated in Class B and C properties, which have averaged over 5% annually over the past few years. ***** VIEW www.loganwaller.com for off market properties and exclusive listings NOT ON LOOPNET! ***** Call Logan: 214.736.1500 https://wallergrouphomes.com/properties/?propertyId=733234-sale #dallasapartmentsforsale #dallasinvestmentrealestate #dallasinvestmentsales
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $890.00 | 710 |
PROPERTY TAXES
| Parcel Number | 00000287455000000 | Improvements Assessment | $1,347,170 |
| Land Assessment | $84,000 | Total Assessment | $1,431,170 |
PROPERTY TAXES
