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PRIME INVESTMENT/16 TOWNHOMES/3B/3.5BA 312 N Lancaster Ave 16 Unit Apartment Building $7,200,000 ($450,000/Unit) 6.24% Cap Rate Dallas, TX 75203
Investment Highlights
- SELLER FINANCE AVAILABLE
- 18 OR 9 UNITS AVAILABLE TO PURCHASE
- HIGHLY DESIRABLE RENTAL LOCATION IN BISHOP ART
- 3 BEDS, 3.5 BATHS, ROOFTOP, OFFICE SPACE IN THE FIRST FLOOR, GATED COMMUNITY
Executive Summary
**** SELLER FINANCE AVAILABLE ****UNBEATABLE PRICE POINT, 16 TOWNHOMES IN DESIRABLE BISHOP AREA , EACH AROUND 1941 SQF , EACH UNITS HAS DEDICATED OFFICE SPACE IN THE FIRST FLOOR , ROOFTOP , 3 BEDS AND 3.5 BATHS.Lancaster Townhomes offers a 1, 941 sq ft, 3-bedroom, 3.5-bathroom residence with a private office and rooftop deck. Features include engineered wood flooring throughout, custom built-in cabinets in the bedrooms, European-style kitchen cabinetry, quartz countertops, and a living room accent wall. The open floor plan includes tall doors and large windows for natural light. The home has a 2-car garage, large closets, and low-maintenance finishes. Located near Bishop Arts District, Downtown Dallas, Farmers Market, and Deep Ellum. Divisble down to 8 units for sale.
Property Facts
| Price | $7,200,000 | Building Class | C |
| Price Per Unit | $450,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 1,600 SF |
| Cap Rate | 6.24% | No. Stories | 4 |
| No. Units | 16 | Year Built | 2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Z248 | ||
| Price | $7,200,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 1,600 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | Z248 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 16 | - | - |
1 1
Property Taxes
| Parcel Number | 00000251008000000 | Improvements Assessment | $2,880,150 |
| Land Assessment | $273,750 | Total Assessment | $3,153,900 |
Property Taxes
Parcel Number
00000251008000000
Land Assessment
$273,750
Improvements Assessment
$2,880,150
Total Assessment
$3,153,900
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