5420, 5428, & 5510 Lakeview Pky
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5420, 5428, & 5510 Lakeview Pky
22 Unit Apartment Building For Sale Rowlett, TX 75088
Executive Summary
Great investment opportunity in the rapidly growing lakeside suburb of Rowlett, justminutes from Dallas. This 21-unit condo community offers a unique combination of strong current cash flow and significant upside potential.
Key Features
High Occupancy: 100% occupied, with tenants averaging a 7+ year length of stay, demonstrating strong demand and tenant satisfaction.
Spacious Units: Each condo features large floor plans, private patios or balconies, fireplaces, and full-size washer/dryer connections, catering to modern tenant needs.
Value-Add Potential: Current rents are below market, providing an excellent opportunity to increase cash flow and achieve substantial equity growth.
Desirable Location: Located in a sought-after community near Lake Ray Hubbard, with easy access to local amenities, parks, and transportation.
Key Features
High Occupancy: 100% occupied, with tenants averaging a 7+ year length of stay, demonstrating strong demand and tenant satisfaction.
Spacious Units: Each condo features large floor plans, private patios or balconies, fireplaces, and full-size washer/dryer connections, catering to modern tenant needs.
Value-Add Potential: Current rents are below market, providing an excellent opportunity to increase cash flow and achieve substantial equity growth.
Desirable Location: Located in a sought-after community near Lake Ray Hubbard, with easy access to local amenities, parks, and transportation.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 1.40 AC |
| No. Units | 22 | Building Size | 60,984 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Low Rise | Parking Ratio | 0.79/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 60,984 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 0.79/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | - | - |
zoning
| Zoning Code | Z339 |
| Z339 |
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5420, 5428, & 5510 Lakeview Pky
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