8127 Stonehurst St
Dallas, TX 75217
Stonehurst Apartments · Multifamily Property For Sale · 10 Units

Constructed in 1987, Stonehurst is comprised of 10 units in a 2-story building which has a stucco façade underneath a pitched composition roof which was replaced in 2012. Eight of the units are 450 SF 1 bed/1 bath, and the remaining two are 700 SF 2 bed/1 bath. The property is individually metered for electricity with individual HVACs and individual hot water heaters. The asset offers an opportunity to purchase a “B-Class” asset with many improvements in the Dallas multifamily market. Stonehurst Manor is situated just east of Loop 12/South Buckner Boulevard between Lake June Road and Bruton Road in the Southeast Dallas submarket which has an average occupancy of 93% and effective rental rates which have increased 8.10% over the trailing 12-months. 30,820 cars per day travel through the intersection of Loop 12 and Stonehurst Drive where the property is located, making it highly visible. Stonehurst is equidistance from major highways I-30, I-20, and I-635, providing quick access to the Dallas CBD which is only 7-miles northwest of the property. The area is comprised primarily of diverse younger families with children, and labor force participation is high at 67%. Bank of America, Chase Bank, CVS Pharmacy, Family Dollar, Planet Fitness, Pizza Hut, Walgreens, and Wingstop are within 1-mile of the asset, while ALDI, Fiesta Grocery, Walmart Neighborhood Market, and more are 1 ½ miles north of the property on Loop 12.