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REO Sale | Dallas Multifamily Opp 707 W Commerce St 16 Apartment Units Online Auction Sale Dallas, TX 75208
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Lender-owned, 16-unit multifamily presenting an exceptional opportunity for investors seeking a strategic acquisition with development potential.
- Positioned with tenants in mind, this asset is near Interstate 30, Texas State Highway Spur 366, and Interstate 35E, swiftly connecting throughout.
- Area demographics bode well for investors with a whopping 67% majority of renter-occupied households within 1 mile.
- Situated just 2 miles west of Downtown Dallas in the trendy Trinity Groves neighborhood, a premier dining and entertainment district.
- Within walking distance to many retailers and restaurants, including Commerce Fork Food, another round, JuiceLand, Laredo Taco Company, and many more.
EXECUTIVE SUMMARY
This unique opportunity combines a strategic location with the potential for transformative renovations.
Located at 707 W Commerce Street, this lender-owned 16-unit multifamily property stands out as a compelling investment and redevelopment opportunity in one of the city's most sought-after neighborhoods. The building features a thoughtful mix of 14 spacious one-bedroom apartments and two well-appointed two-bedroom units, catering to a diverse tenant base. The exterior boasts a modern aesthetic complemented by sleek architectural finishes and distinctive artistic elements, adding curb appeal and potential for further enhancement. Set on an expansive 0.77-acre fenced lot, the property provides ample space for future improvement. Currently available through foreclosure and being sold as-is, the structure needs significant renovations, presenting a blank canvas for investors to reimagine and revitalize the asset. Residents enjoy practical amenities such as dedicated parking and private balconies, features that are highly prized in the thriving Trinity Groves area.
Located just 2 miles from Downtown Dallas, this property sits in the highly sought-after Trinity Groves neighborhood. Formerly an area of warehouses, Trinity Groves now features a vibrant array of restaurants, bars, galleries, theaters, event venues, and specialty shops. The district also includes well-known tenants such as McDonald's, KFC, and Taco Bell. Commuting is easy, with quick access to major highways like Interstates 30 and 35E, as well as Texas State Highway Spur 366, offering convenient travel around Dallas. Residents also enjoy nearby natural attractions, including the Trinity River and Trammell Crow Park, which offer scenic views along with glimpses of Downtown Dallas.
This property is well-positioned within Dallas's commercial real estate market. The local economy in Dallas-Fort Worth stands as one of the nation's strongest thanks to a favorable business environment, a wide range of industries, and ongoing growth. Major employers like AT&T, Southwest Airlines, Tenet Healthcare, Texas Instruments, and Atmos Energy help support the city's continued success. DFW remains a national leader in job creation following the pandemic and is likely to maintain its economic stability due to its diverse industry base.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Located at 707 W Commerce Street, this lender-owned 16-unit multifamily property stands out as a compelling investment and redevelopment opportunity in one of the city's most sought-after neighborhoods. The building features a thoughtful mix of 14 spacious one-bedroom apartments and two well-appointed two-bedroom units, catering to a diverse tenant base. The exterior boasts a modern aesthetic complemented by sleek architectural finishes and distinctive artistic elements, adding curb appeal and potential for further enhancement. Set on an expansive 0.77-acre fenced lot, the property provides ample space for future improvement. Currently available through foreclosure and being sold as-is, the structure needs significant renovations, presenting a blank canvas for investors to reimagine and revitalize the asset. Residents enjoy practical amenities such as dedicated parking and private balconies, features that are highly prized in the thriving Trinity Groves area.
Located just 2 miles from Downtown Dallas, this property sits in the highly sought-after Trinity Groves neighborhood. Formerly an area of warehouses, Trinity Groves now features a vibrant array of restaurants, bars, galleries, theaters, event venues, and specialty shops. The district also includes well-known tenants such as McDonald's, KFC, and Taco Bell. Commuting is easy, with quick access to major highways like Interstates 30 and 35E, as well as Texas State Highway Spur 366, offering convenient travel around Dallas. Residents also enjoy nearby natural attractions, including the Trinity River and Trammell Crow Park, which offer scenic views along with glimpses of Downtown Dallas.
This property is well-positioned within Dallas's commercial real estate market. The local economy in Dallas-Fort Worth stands as one of the nation's strongest thanks to a favorable business environment, a wide range of industries, and ongoing growth. Major employers like AT&T, Southwest Airlines, Tenet Healthcare, Texas Instruments, and Atmos Energy help support the city's continued success. DFW remains a national leader in job creation following the pandemic and is likely to maintain its economic stability due to its diverse industry base.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOURS
3D Exterior
/5
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Building Class | B |
| Sale Condition | Auction Sale | Lot Size | 0.53 AC |
| Type of Ownership | Fee Simple | Building Size | 18,000 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Low-Rise | Parcel Number | 004004000A0070000 |
| Zoning | Z239 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.53 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | Z239 |
| Parcel Number | 004004000A0070000 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Stainless Steel Appliances
- Quartz Countertops
SALE ADVISORS
SALE ADVISORS
David Maling, Principal
David Maling joined Avison Young in 2019 as a Principal based in the Downtown Los Angeles office.
David’s expertise includes disposition and acquisition of investment real estate, asset management, and leasing activity management.
Prior to joining Avison Young, David was Executive Vice President at Colliers International. Prior to joining Colliers he as with Marcus & Millichap’s Los Angeles office since 1997. Prior to that, he worked at Capital Growth Properties and Charles Dunn Company.
David earned his B.S. in real estate finance and marketing from the University of Southern California.
David’s expertise includes disposition and acquisition of investment real estate, asset management, and leasing activity management.
Prior to joining Avison Young, David was Executive Vice President at Colliers International. Prior to joining Colliers he as with Marcus & Millichap’s Los Angeles office since 1997. Prior to that, he worked at Capital Growth Properties and Charles Dunn Company.
David earned his B.S. in real estate finance and marketing from the University of Southern California.
Christopher Maling, Principal
Christopher Maling recently joined Avison Young as a Principal based in the Downtown Los Angeles office.
Chris specializes in investment sales and has successfully listed and sold apartment buildings, retail shopping centers, office buildings and industrial office warehouse properties throughout Southern California, as well as nationally.
He has extensive experience with 1031 tax-deferred exchanges, receiverships, foreclosures and Chapter 7 and Chapter 11 bankruptcies.
Chris specializes in investment sales and has successfully listed and sold apartment buildings, retail shopping centers, office buildings and industrial office warehouse properties throughout Southern California, as well as nationally.
He has extensive experience with 1031 tax-deferred exchanges, receiverships, foreclosures and Chapter 7 and Chapter 11 bankruptcies.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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REO Sale | Dallas Multifamily Opp | 707 W Commerce St
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