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Old East Dallas - Class A Boutique MF

2 Multifamily Properties in Dallas, TX

Investment Highlights

  • Brand New Construction
  • Properties are around the corner from each other
  • Awesome Location
  • Perfect 1031 Property

Executive Summary

Dallas Property Advisors, LLC is proud to announce the exclusive representation of the 3 building, Old East Dallas, 2024 Build, Boutique Apartments Portfolio. Nestled in the ever-vibrant neighborhood of Old East Dallas these ground up new construction properties consist of 3 buildings and 24 units total. This asset class hasn’t been built in over 40 years and offers prospective tenants Class A boutique living in contrast to a massive complex.
With its contrasting colors of chocolate brown and orange crush, 3981 and 4001 Roseland, is in a league of its own. Featuring a mixture of studio and 1 bedroom flat and two-story floor plans, all of the 16 units have some outdoor space in the form of a yard, outdoor balcony, or rooftop deck. Blending builder craftsmanship, modern amenities, and superior location, Roseland is ideal for any prospective tenant with superb downtown views. Property also features covered parking, full size washer/dryer in every unit, gated access, and walking distance to shops, bars, and restaurants.
Around the corner lies 2004 Lucille; a 6-unit boutique community blending Forrest Green, light gray, and white undertones. All units are large and spacious one-bedroom units with either a very large fenced-in outdoor yard or outdoor balcony. Custom cabinetry, quartz counters, and eat-in island highlight just a few of the many features this community has to offer. Meticulous attention to detail, exquisite building materials, and price point make this a fantastic investment opportunity.
Properties can be purchased separately or together. Properties are professionally managed and management will happily stay on for the future owner.
With the exciting news of Equity Residential and KKR, The Class A space has been reinvigorated with the confidence of these highly active institutional investors and is primed for further growth in the coming months and years. Especially with the rumor that the Fed intends to cut rates in September 2024.

Property Facts

Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 20,550 SF
Total Land Area 0.45 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2004 Lucille St, Dallas, TX 75204 Multifamily 4,452 SF 2024 -
The Flats
3981-4001 Roseland Ave, Dallas, TX 75204
Multifamily 16,098 SF 2024 -
Show More > < Show Less
  • Listing ID: 32823381

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: Old East Dallas - Class A Boutique MF, Dallas, TX

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