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Bachman Place 2807 Bachman Dr 30 Unit Apartment Building For Sale Dallas, TX 75220
Investment Highlights
- 76% occupancy versus approximately 92% at nearby competing properties creates significant leasing upside
- Minutes from the Dallas Medical District, Love Field, Southwest Airlines Headquarters, and Downtown Dallas employment centers
- $496K invested in capital improvements with 15 remaining classic units offering $100-$125 monthly rent premium potential
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of Bachman Place, a 30-unit apartment community located in Dallas, Texas. The property presents a compelling value-add opportunity through occupancy growth, operational improvements, and completion of the remaining interior renovation program. Currently approximately 76 percent occupied, Bachman Place trails the roughly 92 percent occupancy achieved by nearby competing communities, creating meaningful upside through improved leasing and management. Ownership has invested approximately $496,000 in capital improvements, including extensive interior renovations, electrical breaker box replacements, exterior paint, and parking lot improvements, substantially reducing near-term capital needs. New ownership can continue upgrading the remaining 15 classic units, with projected rent premiums of $100 to $125 per month, while further increasing NOI through expense optimization. Ideally positioned near the Dallas Medical District, Dallas Love Field, Southwest Airlines Headquarters, and downtown Dallas, Bachman Place benefits from exceptional employment drivers and regional connectivity throughout the Metroplex.
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Property Facts
| Sale Type | Investment | Lot Size | 0.72 AC |
| No. Units | 30 | Building Size | 18,130 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 0.88/1,000 SF |
| Building Class | C | ||
| Zoning | CR | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 18,130 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | CR |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Tub/Shower
- Walk-In Closets
Site Amenities
- Fitness Center
- Laundry Facilities
- Pool
- Gated
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 405 - 810 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00000433894500000 | Improvements Assessment | $2,748,520 |
| Land Assessment | $251,480 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
00000433894500000
Land Assessment
$251,480
Improvements Assessment
$2,748,520
Total Assessment
$3,000,000
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Bachman Place | 2807 Bachman Dr
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