This Multifamily Property is no longer advertised on LoopNet.com.
5918 Ross Ave
Palm Terrace Townhomes · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
Located in the Lower Greenville Ave corridor (75206) within walking distance to shops, restaurants, and Trader Joe’s. Walk score of 84.
Priced post-COVID (UW guidance based on T-3 historicals) in a high demand and high appreciation sub-market
1,100 SF 3-story units with 2-car attached garages and roof-top patios with views
2011 construction A-asset in A-location (Dallas-Core) with high-end finishes and stainless steel appliances
The property has been with the same owner (the original developer) for over 9 years and has below average market rents ($1,875 vs $2,050)
100% occupied with over $1.68M in other income opportunities
PROPERTY FACTS
No. Units
12
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
B
Lot Size
0.34 AC
Building Size
13,200 SF
No. Stories
3
Year Built
2011
Parking Ratio
0.15/1,000 SF
PROPERTY TAXES
Parcel Number
001480000O05A0000
Improvements Assessment
$2,914,720
Land Assessment
$674,280
Total Assessment
$3,589,000
