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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

ZONING

Zoning Code Z164 (Multifamily)
  • Listing ID: 25354621

  • Date on Market: 3/30/2022

  • Last Updated:

  • Address: 3288 S Polk St, Dallas, TX 75224