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Columbia Multifam Development 4532 Columbia Ave 6 Unit Apartment Building $1,499,000 ($249,833/Unit) Dallas, TX 75226

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INVESTMENT HIGHLIGHTS

Redevelopment Area
Spacious 4800 square foot structure presents an ideal base for redevelopment plans, perfect for office or multi-family use.

Several other developments taking place currently

EXECUTIVE SUMMARY

Discover the potential of this rare 16,000 square foot lot nestled in the heart of East Dallas, boasting an existing 4800 square foot dwelling ripe for transformation.
Perfectly positioned for redevelopment, this property is currently in the process of re-zoning to Multifamily, promising enhanced profitability and strategic growth.
Location: Situated in sought-after East Dallas, renowned for its vibrant community and rapid development.
Lot Size: Generous 16,000 square foot lot providing ample space for a multifamily project.
Existing Dwelling: Spacious 4800 square foot structure presents an ideal base for redevelopment plans, perfect for office or multi-family use.
Development Potential: Pending re-zoning to Multifamily, unlocking significant value and maximizing ROI.
Strategic Investment: Ideal for investors seeking to capitalize on East Dallas' burgeoning real estate market and high demand for multifamily housing.
Explore the possibilities of this multifamily development opportunity poised for exponential growth and prosperity in East Dallas. Contact us today to schedule a viewing and secure your position in one of Dallas' most dynamic neighborhoods.

PROPERTY FACTS

Price	$1,499,000	Apartment Style	Townhome
Price Per Unit	$249,833	Building Class	C
Sale Type	Investment	Lot Size	0.37 AC
Sale Condition	Redevelopment Project	Building Size	16,000 SF
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built	1916
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Office Office Residential	Parking Ratio	0.06/1,000 SF
Zoning	Office/Multifam - Previously zoned as MultFam, then converted to office. Currently working with the city of Dallas to convert back to Multi-Fam to maximize opportunity

Price	$1,499,000
Price Per Unit	$249,833
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Office Office Residential
Apartment Style	Townhome
Building Class	C
Lot Size	0.37 AC
Building Size	16,000 SF
No. Stories	2
Year Built	1916
Parking Ratio	0.06/1,000 SF
Zoning	Office/Multifam - Previously zoned as MultFam, then converted to office. Currently working with the city of Dallas to convert back to Multi-Fam to maximize opportunity

UNIT AMENITIES

Air Conditioning
Heating

Kitchen

Range

Tub/Shower

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AERIAL
MAP

4532 Columbia Ave, Dallas, TX - AERIAL map view - Image1

4532 Columbia Ave, Dallas, TX - AERIAL map view - Image2

4532 Columbia Ave, Dallas, TX - AERIAL map view - Image3

Walk Score®

Very Walkable (81)

Bike Score®

Very Bikeable (82)

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PROPERTY TAXES

Parcel Number	00000126265000000	Improvements Assessment	$151,090
Land Assessment	$400,000	Total Assessment	$551,090

PROPERTY TAXES

Parcel Number

00000126265000000

Land Assessment

$400,000

Improvements Assessment

$151,090

Total Assessment

$551,090

(817) 948-4230

CONTACT

Jesse Castillo
BuyInDFW Commercial Group

Listing ID: 32161006
Date on Market: 6/17/2024
Last Updated:
Address: 4532 Columbia Ave, Dallas, TX 75226

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4532 Columbia Ave, Dallas, TX for sale Aerial- Image 1 of 5 — Neighborhood

4532 Columbia Ave, Dallas, TX for sale Aerial- Image 2 of 5 — Columbia OH

4532 Columbia Ave, Dallas, TX for sale Aerial- Image 3 of 5 — Neighborhood

4532 Columbia Ave, Dallas, TX for sale Primary Photo- Image 4 of 5 — Elevation

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Columbia Multifam Development | 4532 Columbia Ave

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