Hard to find 3 building value add portfolio in the heart of Oaklawn now available for sale!!! The portfolio consists of 3 buildings, 58 units, 35,893 sq. ft. of net rentable, and 53,491 sq. ft. of land. The portfolio features spacious studio, 1, and 2 bedroom floor plans. Property was renovated in 2015 and most recently in 2020 however units still need washer dryer connections, quartz countertops, and stainless-steel appliances to boost rents another $100-$200 per unit. Increase value by implementing waster conservation as well. All three properties are gated with controlled access, landscaped, and irrigated.
Oak Lawn is one of the wealthier areas of metropolitan Dallas, with the population consisting mainly of urban professionals. The area is peppered with Upscale and brand new townhouses, condos, Class “A” apartments, and duplexes. Along the Uptown portion on McKinney Avenue and along Turtle Creek Boulevard, there are many new high-rise condominiums, apartments and Class “A” office towers. Oak Lawn is also a very diverse neighborhood with well-established areas and businesses alike. Easy access to four of Dallas’ major highways, Dallas North Tollway, US 75/Central Expressway, I-30 and I-35, tenants can easily navigate throughout the Dallas/Fort Worth area. 4950 Cedar Springs is surrounded by an unparalleled retail/nightlife.
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