Stonehurst Apartments 8127 Stonehurst St 10 Unit Apartment Building $950,000 ($95,000/Unit) Dallas, TX 75217

Don’t miss this chance to secure a great multifamily investment opportunity with significant upside potential at 8127 Stonehurst Street, the Stonehurst Apartments. This two-story 10-plex is situated near downtown and attracts residents with convenient proximity to essential amenities.

The property features a mix of eight (8) 1 bedroom and two (2) 2-bedroom apartments, each measuring approximately 500 square feet. While the building's exterior boasts a traditional design, ample parking and new asphalt, the interiors are dated, with original kitchens, bathrooms, and single-pane windows. This presents a significant value-add opportunity for a new owner to complete interior renovations to increase profitability.

The Stonehurst Apartments enjoy ideal placement just off Buckner Boulevard in Southeast Dallas. This vital commuter and commercial corridor places tenants within minutes of national retail brands, popular local restaurants, and walkable parks. The artery also allows for quick connections to nearby Highway 80 and 175. A new owner can benefit from the addition of new roadside signage, allowing visibility from more than 30,000 passing vehicles daily traveling along Buckner Boulevard. Among the more than a quarter million residents living within five miles of the property, more than 50% currently rent their homes, providing a massive pool of potential future tenants. Elevated demand for housing in the area resulted in consumer spending of more than $283 million on household segments during 2024.