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512 N Lancaster Ave - FULLY LEASED, HIGH CAP RATE, 7 UNITS 7 Unit Apartment Building Offered at $3,450,000 at a 6% Cap Rate Dallas, TX 75203
INVESTMENT HIGHLIGHTS
- Fully Leased
- High Cap Rate
- New Construction
EXECUTIVE SUMMARY
FULLY LEASED , 7 TOWNHOMES, HIGH CAP RATE PROJECT IN GROWING WELL KNOWN BISHOP AREA, DESIGNER STYLE WITH INTERIOR AND EXTERIOR LUXURY SPECS! EACH TOWNHOMES HAS 3 BEDS, DEDICATED OFFICE SPACE AND ROOFTOP. Welcome to Lancaster Townhomes, designed with a sleek farmhouse-style exterior and modern interior finishes. This 1,980 sq ft townhome exemplifies luxury living, featuring 3 bedrooms, 3.5 bathrooms, a dedicated office space, and a rooftop deck. Inside, you’ll find thoughtfully designed interiors with high end finishes, including engineered wood flooring throughout, custom built in cabinets in the bedrooms, European style kitchen cabinets, quartz countertops, and an accent wall around the TV in the living room. The open floor plan, combined with taller doors and bigger windows creates a spacious and relaxing atmosphere. Step outside to a private rooftop deck with stunning views of the city skyline. The home also offers large closets and a 2-car garage, providing ample storage space. Situated in a prime location, this townhome is close to the popular Bishop Arts District, downtown Dallas, the Farmers Market, Deep Ellum, and other local attractions.
PROPERTY FACTS
| Price | $3,450,000 | Building Size | 27,000 SF |
| Price Per Unit | $492,857 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 6% | Year Built | 2025 |
| No. Units | 7 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $3,450,000 |
| Price Per Unit | $492,857 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 7 |
| Property Type | Multifamily |
| Building Size | 27,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 7 | $3,400 | 1,980 |
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