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400-404 Andrews Ave C-5
Dallas, TX 75211
Metro @ 404 · Multifamily Property For Sale
·
116 Units
Investment Highlights
- Implement Interior Unit Upgrades to Maximize Rental Income
- Income Growth Possibility through Increasing the Reserved Parking Fee
- Wide-Ranging Property Enhancements and Recent Capital Improvements
- Continue to Collect Newly Introduced Wi-Fi Fee in Remaining Units
- Capture Remaining $145,000 of Loss to Lease Annually
- Attractive Financing Options with Interest-Only Period
Property Facts
| No. Units | 116 | Building Size | 80,400 SF |
| Property Type | Multifamily | Average Occupancy | 84% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2017 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 2.62 AC | ||
| Zoning | R-5 - Commercial | ||
| No. Units | 116 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.62 AC |
| Building Size | 80,400 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2017 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | R-5 - Commercial |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Grill
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | $1,025 | 492 - 548 |
| 2+1 | 60 | $1,300 | 722 - 792 |
| 2+2 | 16 | $1,385 | 840 - 936 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,854,420 | |
| Land Assessment | $1,370,550 | Total Assessment | $13,224,970 |
Property Taxes
Parcel Numbers
Land Assessment
$1,370,550
Improvements Assessment
$11,854,420
Total Assessment
$13,224,970
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