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3299 S Polk St
Dallas, TX 75224
Landmark Apartments · Multifamily Property For Sale
·
60 Units
Investment Highlights
- Landmark Apartments presents an opportunity for buyers to purchase a stabilized, cash-flowing asset
- Landmark Apartments is a 60-unit garden-style product originally constructed in 1961 and recently repainted in 2022
- The property is being offered free-and-clear of existing debt
- With three units renovated so far, new ownership can focus on further renovations and capitalizing on rent increases to align with market rates
- The property has ample parking with a total of 94 total parking spaces, including 36 covered spaces, generating an income $1,300 a month.
Property Facts
| No. Units | 60 | Building Size | 45,400 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1961 |
| Building Class | C | Parking Ratio | 2.07/1,000 SF |
| Lot Size | 2.35 AC | ||
| Zoning | MF2A - Multifamily District 2 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.35 AC |
| Building Size | 45,400 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | MF2A - Multifamily District 2 |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Kitchen
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
- Tenant Controlled HVAC
- Grill
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 520 - 660 |
| 2+1 | 27 | - | 880 |
Property Taxes
| Parcel Number | 00000491260000000 | Improvements Assessment | $4,491,740 |
| Land Assessment | $307,200 | Total Assessment | $4,798,940 |
Property Taxes
Parcel Number
00000491260000000
Land Assessment
$307,200
Improvements Assessment
$4,491,740
Total Assessment
$4,798,940
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