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707 Townhomes 707 W Commerce St 16 Unit Apartment Building For Sale Dallas, TX 75208
Investment Highlights
- Value-Add
- Rental or Sale
- Redevelopment
- Amenities are of Modern Design
Executive Summary
707 Commerce Townhomes offers a rare adaptive-use investment opportunity in a rapidly evolving urban corridor. The property consists of a fully vacant townhome community that can be strategically repositioned as a multifamily rental asset or sold individually as fee-simple townhome units. With complete vacancy, investors gain immediate operational control and the flexibility to execute lease-up strategies, phased unit sales, or a full redevelopment vision without tenant displacement or legacy management issues. The property is currently undergoing a comprehensive renovation program that will deliver best-in-class finishes, modernized systems, and upgraded amenities designed to meet the expectations of today’s urban renter or homeowner. The asset presents a compelling value-add opportunity with multiple exit strategies in a high-growth market supported by strong long-term demand drivers.
Property Facts
| Sale Type | Investment | Lot Size | 0.63 AC |
| Sale Condition | High Vacancy Property | Building Size | 26,178 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 2020/2026 |
| Apartment Style | Low-Rise | Parking Ratio | 0.61/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 26,178 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 2020/2026 |
| Parking Ratio | 0.61/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Stainless Steel Appliances
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 14 | $2,800 | 1,550 - 1,680 |
| 2+2.5 | 2 | $3,050 | 1,936 - 2,124 |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,673,720 | |
| Land Assessment | $931,140 | Total Assessment | $5,604,860 |
Property Taxes
Parcel Numbers
Land Assessment
$931,140
Improvements Assessment
$4,673,720
Total Assessment
$5,604,860
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707 Townhomes | 707 W Commerce St