Gaston Commons | 4712 Gaston Ave
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Gaston Commons 4712 Gaston Ave
38 Unit Apartment Building For Sale Dallas, TX 75246
Investment Highlights
- Fully Renovated Turnkey Property
- Proven Rent Bumps Up to $400 on Renovated Units
- Majority 2 BD Units
- Owner Infused ~$450,000+ in Capital Expenditures
- Average Rents are $300 Under Market Comparables ($0.79 PSF)
- $76,000+ Median HH-Income in a 2-Mile Radius (CoStar)
Executive Summary
The Multifamily Group is pleased to present the exclusive offering of Gaston Commons in Dallas, Texas. Constructed in 1960, the property has 38 units.
Gaston Commons has studio to two-bedroom floorplans, with 84% being 2BD. Currently, the occupancy is 89% with 16 section 8 tenants. 33 of the 38 units have been renovated. Gaston Commons is located in the Peak’s Suburban historic district.
See pages 11-12 of the OM for a quote from Save Water Co. for a water conservation program option.
Pages 27-28 of the OM have a debt quote from CBRE.
Gaston Commons has studio to two-bedroom floorplans, with 84% being 2BD. Currently, the occupancy is 89% with 16 section 8 tenants. 33 of the 38 units have been renovated. Gaston Commons is located in the Peak’s Suburban historic district.
See pages 11-12 of the OM for a quote from Save Water Co. for a water conservation program option.
Pages 27-28 of the OM have a debt quote from CBRE.
Property Facts
| Sale Type | Investment | Lot Size | 1.14 AC |
| No. Units | 38 | Building Size | 30,800 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2015 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 30,800 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2015 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Stainless Steel Appliances
- Walk-In Closets
- Built-In Bookshelves
- Patio
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 600 |
| 1+1 | 1 | - | 850 |
| 2+1 | 31 | - | 600 - 850 |
| 2+1.5 | 1 | - | 850 |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 00000124564000000 | Improvements Assessment | $2,386,260 |
| Land Assessment | $1,489,740 | Total Assessment | $3,876,000 |
PROPERTY TAXES
Parcel Number
00000124564000000
Land Assessment
$1,489,740
Improvements Assessment
$2,386,260
Total Assessment
$3,876,000
zoning
| Zoning Code | PD 362-3B and PD 98 (MF2) |
| PD 362-3B and PD 98 (MF2) |
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Gaston Commons | 4712 Gaston Ave
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