5918 Ross Ave | Dallas, TX 75206
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- LoopNet Team
5918 Ross Ave
Dallas, TX 75206
Palm Terrace Townhomes · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Located in the Lower Greenville Ave corridor (75206) within walking distance to shops, restaurants, and Trader Joe’s. Walk score of 84.
- Priced post-COVID (UW guidance based on T-3 historicals) in a high demand and high appreciation sub-market
- 1,100 SF 3-story units with 2-car attached garages and roof-top patios with views
- 2011 construction A-asset in A-location (Dallas-Core) with high-end finishes and stainless steel appliances
- The property has been with the same owner (the original developer) for over 9 years and has below average market rents ($1,875 vs $2,050)
- 100% occupied with over $1.68M in other income opportunities
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 13,200 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2011 |
| Building Class | B | Parking Ratio | 0.15/1,000 SF |
| Zoning | Z164 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 13,200 SF |
| No. Stories | 3 |
| Year Built | 2011 |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | Z164 |
PROPERTY TAXES
| Parcel Number | 001480000O05A0000 | Improvements Assessment | $3,000,800 |
| Land Assessment | $749,200 | Total Assessment | $3,750,000 |
PROPERTY TAXES
Parcel Number
001480000O05A0000
Land Assessment
$749,200
Improvements Assessment
$3,000,800
Total Assessment
$3,750,000
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