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511 N Prairie Ave
Dallas, TX 75246
Prairie Apartments · Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Building Size | 7,900 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | PD98, Dallas | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 7,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | PD98, Dallas |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
ABOUT 511 N PRAIRIE AVE , DALLAS, TX 75246
Built in 1964, this 11 unit apartment features brick exterior with a fla roof and pier & beam foundation. The lot size is 13,238sf per tax records, while the leasable area is 7,900 per the seller. The property is 2 stories and features central heat and cooling. While rents have recently been raised, they are still under market rates. Value add opportunity exists to raise rents to market rates and contract a professional management company. Recent Cap Ex includes new water heater, exterior wall repair, unit 106 remodel, and other mech/elec system repairs. There is an onsite manager that receives rent concessions, utilities for all units are paid by the Landlord. Favorable location minutes away from Uptown, Downtown and Lakewood see Offering Memo in Attachment/s
PROPERTY TAXES
| Parcel Number | 00000125497000000 | Improvements Assessment | $1,119,000 |
| Land Assessment | $331,000 | Total Assessment | $1,450,000 |
PROPERTY TAXES
