722 N Marsalis Ave | Dallas, TX 75203
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- LoopNet Team
722 N Marsalis Ave
Dallas, TX 75203
EL PATO APARTMENTS FOR AUCTION · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Prime Location in Lake Cliff – A rapidly growing neighborhood with strong investor demand
- Value-Add Potential – Full-gut renovation project (~$55K per unit) offers significant upside
- Unmatched Accessibility – Just 2 minutes from Downtown Dallas, with 110K+ jobs within 1 mile of the CBD
- Opportunity Zone Benefits – Potential tax incentives for long-term investors
- Strong Surrounding Home Values – 3-mile median owner-occupied housing value of $454K
- Vibrant Lifestyle & Entertainment – Only 3 minutes to the Bishop Arts District, a top destination for dining and culture
PROPERTY FACTS
| No. Units | 16 | Building Size | 10,560 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Lot Size | 0.39 AC | Cross Streets | Comal Street |
| Zoning | MF2A - MF used to designate areas for moderate to high-density multiunit residential buildings, 2A residential use designation for attached, semi-detached | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,560 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.14/1,000 SF |
| Cross Streets | Comal Street |
| Zoning | MF2A - MF used to designate areas for moderate to high-density multiunit residential buildings, 2A residential use designation for attached, semi-detached |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 660 |
PROPERTY TAXES
| Parcel Number | 00000249328000000 | Improvements Assessment | $969,710 |
| Land Assessment | $509,910 | Total Assessment | $1,479,620 |
PROPERTY TAXES
Parcel Number
00000249328000000
Land Assessment
$509,910
Improvements Assessment
$969,710
Total Assessment
$1,479,620
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