This Multifamily Property is no longer advertised on LoopNet.com.
3288 S Polk St
Dallas, TX 75224
Polk Villas · Multifamily Property For Sale
·
164 Units
INVESTMENT HIGHLIGHTS
$2.5M+ in Value-Add Upside – Asset Is Ready for Immediate Implementation
Kiestwood Neighborhood – within 5-Miles of the Bishop Arts District, Downtown Dallas, and Several Major Employers
1.3+ Million Residents in Dallas – 58.7% Are Renters (2020 – U.S. Census Bureau)
98% Occupied – Opportunity to Acquire a Nearly Fully Leased Asset
$1.9+ Million Spent in Capex – No Deferred Maintenance
Exceptional Unit Mix That Offers 10 Different Floorplans
PROPERTY FACTS
No. Units
164
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
4.82 AC
Building Size
110,160 SF
Average Occupancy
91%
No. Stories
2
Year Built/Renovated
1960/2016
Parking Ratio
0.33/1,000 SF
UNIT AMENITIES
Air Conditioning
Balcony
Cable Ready
Dishwasher
Disposal
Microwave
Heating
Ceiling Fans
Tile Floors
Kitchen
Hardwood Floors
Refrigerator
Oven
Range
Tub/Shower
Walk-In Closets
Carpet
Yard
Freezer
Pantry
Patio
SITE AMENITIES
24 Hour Access
Courtyard
Laundry Facilities
Picnic Area
Playground
Property Manager on Site
Tenant Controlled HVAC
Gated
Grill
Package Service
Maintenance on site
Online Services
Public Transportation
Walk-Up
Smoke Detector
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
107
-
570 - 675
2+1
55
-
810 - 1,064
3+1
2
-
1,152
PROPERTY TAXES
Parcel Numbers
Multiple
00000491350000000
00598600000050000
00000475249000000
005986000019A0000
Improvements Assessment
$11,270,560
Land Assessment
$629,440
Total Assessment
$11,900,000
ZONING
Zoning Code
Z164 (Multifamily)