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4911 Alton Ave 3 Unit Apartment Building $1,390,000 ($463,333/Unit) 4.64% Cap Rate Dallas, TX 75214
INVESTMENT HIGHLIGHTS
- Airbnb friendly
- Near Deep Ellum and Downtown Dallas
- New Townhome Community For Sale
- Off Santa Fe Trail that leads to White Rock Lake
EXECUTIVE SUMMARY
The Santa Fe Trail Condominiums is a new 3-unit Multifamily development located five minutes from Downtown Dallas Deep Ellum,Lower Greenville, Lakewood,and Knox Henderson’s entrainment district. Previously ran Airbnb units at $200/unit/night. Priced $200K less than Knox Henderson in consideration of sub-division’s early 10-15% stage of new developments in the area. Relax among three levels of living space with elegant features and abundant natural light. The kitchen is a culinary sanctuary with stainless steel appliances,a full-size pantry,and quartz countertops.The primary bathroom features a dual sink vanity,a walk-in shower with tile surrounds,and a finished closet.Experience the ultimate in modern living with spacious interiors and a prime location. All units boast an open kitchen-living room, private balconies to see downtown Dallas Skyline,and a private backyard-this beautiful Multi family won't last long! HOA approves installation of privacy fence, security cameras and gate.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$102,000
|
$20.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$102,000
|
$20.25
|
| Taxes |
$33,040
|
$6.56
|
| Operating Expenses |
$4,500
|
$0.89
|
| Total Expenses |
$37,540
|
$7.45
|
| Net Operating Income |
$64,460
|
$12.79
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $20.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $20.25 |
| Taxes | |
|---|---|
| Annual | $33,040 |
| Annual Per SF | $6.56 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $0.89 |
| Total Expenses | |
|---|---|
| Annual | $37,540 |
| Annual Per SF | $7.45 |
| Net Operating Income | |
|---|---|
| Annual | $64,460 |
| Annual Per SF | $12.79 |
PROPERTY FACTS
| Price | $1,390,000 | Building Class | C |
| Price Per Unit | $463,333 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,038 SF |
| Cap Rate | 4.64% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 2.58/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Multi family - Multi Family | ||
| Price | $1,390,000 |
| Price Per Unit | $463,333 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,038 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 2.58/1,000 SF |
| Zoning | Multi family - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Yard
- Office
- Pantry
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Corporate Suites
- Wi-Fi
- Community-Wide WiFi
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 1 | $2,450 | 1,422 |
| 3+2.5 | 2 | $2,600 | 1,856 |
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4911 Alton Ave
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