1505 S Akard St
Dallas, TX 75215
The AG · Multifamily Property For Sale · 19 Units

The AG (“Property”) is a brand new, 19-unit townhome development located off of South Akard Street in Dallas, Texas. This collection of 2- & 3-bedroom townhomes is currently under construction with completion slated for Summer 2019. The developer of The AG, Australian Development Consortium, is committed to creating unique residential developments of the highest quality. Its combination of contemporary European design and unrivaled features are unseen in both this community and this price range, making The AG not only a prestigious residence but, also, an unparalleled investment opportunity. The Property sits on .68 acres in the rapidly growing submarket located south of Downtown Dallas, known as The Cedars. The AG is located in Dallas’ opportunity zones of Cedars and South Dallas, which offers investors the rare opportunity for upside potential in a growing market and tax breaks for the buyer. The AG is located in The Cedars/South Dallas Opportunity Zone. Opportunity Zones are a new set of tax incentives included in the 2017 federal tax reform bill. Investments in approved locations will receive preferential tax treatment meant to spur economic activity. The program allows investors to roll capital gains into Opportunity Funds without triggering capital gains taxes. Capital gains taxes, at rates as high as 20 percent, are generally levied when an asset is sold. Additionally, returns from an Opportunity Fund are tax free, if the investment is held for at least 10 years. Finally, capital gains rolled into a fund receive a step-up in basis of as much as 15 percent. In other words, 15 percent of (otherwise taxable) capital gains rolled into a fund could be exempt from taxation.