3627 Almazan Dr | Dallas, TX 75220
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- LoopNet Team
3627 Almazan Dr
Dallas, TX 75220
Brioso Apartments · Multifamily Property For Sale · 46 Units
Investment Highlights
- Extensive amount of CapEx completed eliminating the "heavy lifting", while still delivering meaningful upside for new Ownership
- Remaining 35 units have been lightly renovated and leave upside for a buyer who will fully renovate those over time for higher rents
- Sellers are completing an on-site laundry as an additional tenant amenity and revenue source
- The Sellers renovated 11 units resulting in significant rent increases allowing for the Buyer to capture the remaining upside with proven increases
- The Sellers removed low quality tenants which allows new Ownership to immediately raise rents without evicting Tenants or waiting for them to roll
- Well located asset within a market that delivers extremely strong fundamentals
PROPERTY FACTS
| No. Units | 46 | Building Size | 75,420 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1962/2023 |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Lot Size | 1.78 AC |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.78 AC |
| Building Size | 75,420 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2023 |
| Parking Ratio | 1.93/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Freezer
- Pantry
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $837.50 | 225 - 325 |
| 1+1 | 36 | $962.50 | 600 - 630 |
| 2+2 | 1 | $1,100 | 783 |
PROPERTY TAXES
| Parcel Number | 00000524086000000 | Improvements Assessment | $0 |
| Land Assessment | $503,980 | Total Assessment | $503,980 |
PROPERTY TAXES
Parcel Number
00000524086000000
Land Assessment
$503,980
Improvements Assessment
$0
Total Assessment
$503,980
zoning
| Zoning Code | Z164 |
| Z164 |
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