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The Eastern 1519 Annex Ave 112 Unit Apartment Building $11,900,000 ($106,250/Unit) Dallas, TX 75204
INVESTMENT HIGHLIGHTS
- Prime Location in the Heart of East Dallas
- 112-Unit Community with Strong Operating Scale
- Efficient Site Plan, with Garden-Style Layout, Community Areas, and Gated Parking
- Renovated in 2020-Fully Gutted and Modernized ($84,000 in CapEx per unit)
- Expansive 92,000+ SF Lot, Over 2 Acres
- Established Rental Demand Neighborhood
EXECUTIVE SUMMARY
The Eastern is a 112-unit multifamily community that underwent a comprehensive renovation in 2020, with more than $84,000 in capital improvements per unit. The property offers investors a turnkey asset with limited near-term capital needs.
The Eastern is located in the rapidly evolving East Dallas submarket—an area experiencing robust residential and commercial growth. With limited availability of affordable, well-situated rental options nearby, the property is ideally positioned to attract strong demand from Dallas’s expanding population of professionals.
Situated on 2 acres, The Eastern comprises five garden-style buildings featuring pitched roofs, gated access, and ample surface parking. Each unit offers open layouts with walk-in closets, in-unit laundry, full suite of stainless steel appliances, LVP flooring throughout, and select units have vaulted ceilings.
The Community amenities include a large courtyard with outdoor seating, grilling stations, and a dog park—catering to today’s lifestyle.
Reach out today to find out more information on The Eastern.
The Eastern is located in the rapidly evolving East Dallas submarket—an area experiencing robust residential and commercial growth. With limited availability of affordable, well-situated rental options nearby, the property is ideally positioned to attract strong demand from Dallas’s expanding population of professionals.
Situated on 2 acres, The Eastern comprises five garden-style buildings featuring pitched roofs, gated access, and ample surface parking. Each unit offers open layouts with walk-in closets, in-unit laundry, full suite of stainless steel appliances, LVP flooring throughout, and select units have vaulted ceilings.
The Community amenities include a large courtyard with outdoor seating, grilling stations, and a dog park—catering to today’s lifestyle.
Reach out today to find out more information on The Eastern.
PROPERTY FACTS
| Price | $11,900,000 | Building Class | C |
| Price Per Unit | $106,250 | Lot Size | 2.10 AC |
| Sale Type | Investment | Building Size | 62,276 SF |
| No. Units | 112 | Average Occupancy | 73% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/2020 |
| Apartment Style | Garden | ||
| Zoning | MF-2(A) - MF2 | ||
| Price | $11,900,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.10 AC |
| Building Size | 62,276 SF |
| Average Occupancy | 73% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2020 |
| Zoning | MF-2(A) - MF2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Double Pane Windows
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 112 | - | 327 - 547 |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 00000118243000000 | Improvements Assessment | $6,056,130 |
| Land Assessment | $5,083,870 | Total Assessment | $11,140,000 |
PROPERTY TAXES
Parcel Number
00000118243000000
Land Assessment
$5,083,870
Improvements Assessment
$6,056,130
Total Assessment
$11,140,000
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