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Tesoro at 12 4271 Altoona Dr 184 Unit Apartment Building For Sale Dallas, TX 75233
INVESTMENT HIGHLIGHTS
- Located near Loop 12 and S. Cockrell Hill Rd, offering direct access to major Dallas thoroughfares and employment centers.
- Over $2.6M in recent upgrades including renovated clubhouse, pools, and leasing office; strong physical condition.
- Proven value-add strategies already implemented, allowing future owner to scale income with minimal disruption.
- Two-story garden-style layout with individual HVAC and water heaters in every unit, reducing shared system maintenance.
- Full-size washer/dryer connections in all units, supporting long-term tenant retention and operational efficiency.
EXECUTIVE SUMMARY
Rowan Multifamily Advisors is pleased to announce the exclusive listing of Tesoro at 12, a 184-unit apartment community in Dallas, Texas. Constructed in 1984, Tesoro at 12 features one- and two-bedroom floorplans averaging 982 square feet. This two-story, garden style community is outfitted with individual HVAC units, individual hot water heaters, and full-size washer/dryer connections in all units. This property boasts a full set of resort style amenities including a newly renovated leasing office, clubhouse, two spacious pools, fitness center, grilling area, and dog park. Over $2,600,000 (or nearly $15,000/unit) has been spent upgrading the property since 2019, leaving it in excellent physical condition. The owner has proven out several lucrative value-add opportunities that can be expanded upon by the future owner.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 8.90 AC |
| No. Units | 184 | Building Size | 181,771 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1984/2022 |
| Building Class | B | Parking Ratio | 2.19/1,000 SF |
| Zoning | Z239 | ||
| Sale Type | Investment |
| No. Units | 184 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.90 AC |
| Building Size | 181,771 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | Z239 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Clubhouse
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Pet Play Area
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 44 | - | 730 - 813 |
| 2+1 | 16 | - | 964 |
| 2+2 | 124 | - | 1,000 - 1,059 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $21,990,740 | |
| Land Assessment | $775,150 | Total Assessment | $22,765,890 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$775,150
Improvements Assessment
$21,990,740
Total Assessment
$22,765,890
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Tesoro at 12 | 4271 Altoona Dr
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