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Citypointe Apartments 1516 Annex Ave 60 Unit Apartment Building For Sale Dallas, TX 75204
Investment Highlights
- 26 units on vouchers
- Prime location 2 miles from downtown Dallas
- Clear value add opportunity
Executive Summary
CityPointe Apartments offers affordable urban living just minutes from Downtown Dallas in the rapidly growing Cedars/South Dallas corridor. Conveniently located near I-30, I-35E, and US-75, residents enjoy easy access to major employment centers, Baylor and Methodist Medical Centers, Deep Ellum, Uptown, Fair Park, and the Dallas Farmers Market.
The community features functional apartment homes designed for comfort and convenience, appealing to workforce professionals, students, and residents seeking value in a central Dallas location. With ongoing redevelopment and investment transforming the surrounding area, CityPointe Apartments is well-positioned to benefit from strong renter demand and continued neighborhood growth.
The community features functional apartment homes designed for comfort and convenience, appealing to workforce professionals, students, and residents seeking value in a central Dallas location. With ongoing redevelopment and investment transforming the surrounding area, CityPointe Apartments is well-positioned to benefit from strong renter demand and continued neighborhood growth.
Property Facts
| Sale Type | Investment | Building Size | 34,312 SF |
| No. Units | 60 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 1.09 AC | ||
| Zoning | Z164 | ||
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 34,312 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | Z164 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 57 | - | 484 - 500 |
| 2+2 | 3 | - | 1,000 |
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00000121576000000 | Improvements Assessment | $3,387,610 |
| Land Assessment | $2,612,390 | Total Assessment | $6,000,000 |
Property Taxes
Parcel Number
00000121576000000
Land Assessment
$2,612,390
Improvements Assessment
$3,387,610
Total Assessment
$6,000,000
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