3288 S Polk St | Dallas, TX 75224
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- LoopNet Team
3288 S Polk St
Dallas, TX 75224
Polk Villas · Multifamily Property For Sale
·
164 Units
INVESTMENT HIGHLIGHTS
- $2.5M+ in Value-Add Upside – Asset Is Ready for Immediate Implementation
- Kiestwood Neighborhood – within 5-Miles of the Bishop Arts District, Downtown Dallas, and Several Major Employers
- 1.3+ Million Residents in Dallas – 58.7% Are Renters (2020 – U.S. Census Bureau)
- 98% Occupied – Opportunity to Acquire a Nearly Fully Leased Asset
- $1.9+ Million Spent in Capex – No Deferred Maintenance
- Exceptional Unit Mix That Offers 10 Different Floorplans
PROPERTY FACTS
| No. Units | 164 | Building Size | 110,160 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2016 |
| Building Class | C | Parking Ratio | 0.33/1,000 SF |
| Lot Size | 4.82 AC | ||
| Zoning | Z164 - Multifamily | ||
| No. Units | 164 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.82 AC |
| Building Size | 110,160 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2016 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | Z164 - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Freezer
- Pantry
- Patio
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Grill
- Package Service
- Maintenance on site
- Online Services
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 107 | - | 570 - 675 |
| 2+1 | 55 | - | 810 - 1,064 |
| 3+1 | 2 | - | 1,152 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,923,440 | |
| Land Assessment | $379,110 | Total Assessment | $8,302,550 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$379,110
Improvements Assessment
$7,923,440
Total Assessment
$8,302,550
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