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4207 Meredith St
Dallas, TX 75211
Ballashire Apartments · Multifamily Property For Sale · 18 Units

INVESTMENT HIGHLIGHTS

  • Ballashire Apartments is an 18-unit, 14,100 SF multifamily community on a 0.68-acre lot boasting 100% occupancy.
  • Value-add potential with room to increase rental rates and implement a RUBS system to bill back utilities (cost already offset by solar panels).
  • Rent growth in the Oak Cliff submarket among lower to mid-tier assets has been outperforming the DFW metro average in the last few years.
  • The building was renovated in 2021, refreshing seven of the units, adding a new camera system, and repainting the exterior.
  • Situated less than five miles from the Bishop Arts District, an up-and-coming neighborhood revitalized with trendy locations to entice residents.
  • Less than five minutes from Walmart, Lowes, Dallas National Golf Club, and more, plus, Downtown Dallas is only 13 minutes away.

PROPERTY FACTS

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.68 AC
Building Size 14,100 SF
Average Occupancy 89%
No. Stories 2
Year Built/Renovated 1961/2021
Parking Ratio 2.06/1,000 SF
Zoning MF2, Dallas - Multifamily

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Laundry Facilities
  • Grill

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 7 - 650
2+1 11 - 850

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00000349027000000
Land Assessment
$227,980
Improvements Assessment
$1,522,020
Total Assessment
$1,750,000
  • Listing ID: 25837260

  • Date on Market: 6/2/2022

  • Last Updated:

  • Address: 4207 Meredith St, Dallas, TX 75211

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