2502 Al Lipscomb Way
Dallas, TX 75215
2502 Al Lipscomb WAY · Multifamily Property For Sale · 20 Units
PROPERTY FACTS
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 13,296 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.19/1,000 SF |
UNIT AMENITIES
- Heating
- Kitchen
- Oven
ABOUT 2502 AL LIPSCOMB WAY , DALLAS, TX 75215
Multifamily 20 unit property currently self managed and is achieving stabilized under market rents. Value add opportunity exists by implementing professional management, increasing rents to market rents of $775 for 1 bdrm and $800-$825 for 2 bedroom and charge back for utilities. 60,000 of CapEx in March 2013 included new windows, exterior doors, flooring, bathroom vanities, kit. cabinets, ctops. Cap rate is 11.8% based on TTM Actuals. Please view offering memo via links below for more information. 2502 Al Lipscomb WAY
PROPERTY TAXES
| Parcel Number | 00000147196000000 | Improvements Assessment | $1,316,560 |
| Land Assessment | $83,440 | Total Assessment | $1,400,000 |
ZONING
| Zoning Code | MF2 |
