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Soho 7570-7610 Skillman St 64 Unit Apartment Building For Sale Dallas, TX 75231
Investment Highlights
- Great Lake Highlands Location near Schools and Retail
- Area Median Income over $100K and Local Area Home Values above $500K
- Great Drive By Traffic
Executive Summary
The asset itself is one-of-a-kind. Built in 1986 by a high-end luxury home builder who held it until 2014, Soho features a rare podium construction, 9-foot ceilings, open floorplans, and covered under-building parking — a modern feel that stands apart from the typical multifamily product in this market.
Current occupancy sits at 98% with minimal bad debt.
The location is exceptional: nestled in south Lake Highlands, two blocks from Lake Highlands High School and surrounded by million-dollar-plus homes in a submarket with a median household income of $112,000. This is a truly affluent, stable neighborhood.
Current occupancy sits at 98% with minimal bad debt.
The location is exceptional: nestled in south Lake Highlands, two blocks from Lake Highlands High School and surrounded by million-dollar-plus homes in a submarket with a median household income of $112,000. This is a truly affluent, stable neighborhood.
Property Facts
| Sale Type | Investment | Lot Size | 2.28 AC |
| No. Units | 64 | Building Size | 48,116 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Zoning | MF1A | ||
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.28 AC |
| Building Size | 48,116 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | MF1A |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Bay Window
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Patio
- Vinyl Flooring
Site Amenities
- Controlled Access
- Pool
- Property Manager on Site
- Gated
- Pet Play Area
- Trash Pickup - Curbside
- Trash Pickup - Door to Door
- Storage Space
- Bicycle Storage
- Sundeck
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 42 | - | 612 - 687 |
| 2+1 | 15 | - | 803 |
| 2+2 | 7 | - | 965 - 1,022 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,809,090 | |
| Land Assessment | $1,190,910 | Total Assessment | $7,000,000 |
Property Taxes
Parcel Numbers
Land Assessment
$1,190,910
Improvements Assessment
$5,809,090
Total Assessment
$7,000,000
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