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The Newport 4950 Live Oak St 41 Unit Apartment Building For Sale Dallas, TX 75206
Investment Highlights
- Assumable Fannie Mae loan with an outstanding balance of approximately $3.6 million, a 4.08% fixed interest rate, and a September 2031 maturity.
- The Property underwent an extensive renovation program beginning in 2016, with more than $900,000 invested in capital improvements
- Unit interiors offer functional floor plans with significant value-add potential through targeted interior renovation
Property Facts
| Sale Type | Investment | Lot Size | 1.04 AC |
| No. Units | 41 | Building Size | 27,775 SF |
| Property Type | Multifamily | Average Occupancy | 63% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1958/2017 |
| Building Class | B | Parking Ratio | 1.58/1,000 SF |
| Zoning | Z164 | ||
| Sale Type | Investment |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.04 AC |
| Building Size | 27,775 SF |
| Average Occupancy | 63% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2017 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | Z164 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Hardwood Floors
- Stainless Steel Appliances
- Framed Mirrors
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
- Pet Play Area
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 660 |
| 2+1 | 8 | - | 750 |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 000670000A09A0100 | Improvements Assessment | $1,734,900 |
| Land Assessment | $2,265,100 | Total Assessment | $4,000,000 |
Property Taxes
Parcel Number
000670000A09A0100
Land Assessment
$2,265,100
Improvements Assessment
$1,734,900
Total Assessment
$4,000,000
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