2211 S Vernon Ave | Dallas, TX 75224
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- LoopNet Team
2211 S Vernon Ave
Dallas, TX 75224
Olive at Vernon · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Prime Location: Located in the heart of Oak Cliff, two blocks west of I-35E and minutes from the Bishop Arts District
- Value Add by Stabilizing/Capturing Rent Premium and Expense Reduction
- Significant Capital Improvements ( Over $1MM Spent), Modernized Interiors with About 35% or More Renovated
- Increase Other Income by increasing the number of reserved parking spaces to 14, adding 14 carports, & implementing W/D connections in remaining units
PROPERTY FACTS
| No. Units | 40 | Lot Size | 1.30 AC |
| Property Type | Multifamily | Building Size | 31,864 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1969/2021 |
| Building Class | C | Parking Ratio | 2.13/1,000 SF |
| Zoning | Z164 - Multi-family | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 31,864 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2021 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | Z164 - Multi-family |
AMENITIES
SITE AMENITIES
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 690 |
| 2+2 | 8 | - | 923 |
PROPERTY TAXES
| Parcel Number | 00000468316000000 | Improvements Assessment | $2,818,400 |
| Land Assessment | $681,600 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
00000468316000000
Land Assessment
$681,600
Improvements Assessment
$2,818,400
Total Assessment
$3,500,000
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