Dallas Multifamily Portfolio

Dallas, Texas Multifamily Portfolio!!!

We have two apartment complexes in Dallas being offered in a single portfolio or can be sold separately.

Purchase Price:
Both Assets: $12.75M + 3%

Separately
Vernon Oaks: $8.4M + 3%
La Madera: $4.8M + 3%

Total Units: 176
Terms: All Cash
Total Square Feet: 149,990
Year Built/Renovated: 1962/1963

DESCRIPTION:
La Madera and Vernon Oaks Apartments are offered as a portfolio or can be purchased separately. La Madera is a 60-unit community built in the year 1962. Located half a mile northeast is Vernon Oaks Apartments, a 116-unit community built in 1963/1968 with a CO for 121-units.

This allows new ownership the opportunity to benefit from economies of scale due to the size of both assets. However, the option remains for investors to purchase the asset as a stand-alone investment if preferred.

The properties have close proximity to some of the Metroplex’s major highways offer residents convenient access to some of the area’s busiest employment hubs including Dallas Central Business District, Redbird Mall redevelopment, and Methodist Charlton Medical Center. Access to these employment zones, coupled with the new distribution centers of Amazon, L’Oreal and Wayfair Furnishings have attracted a lot of residents to the area as the employment base continues to compound.

For more information please be prepared to provide POF and LOI.

P. 347-450-2718
E. khalidrbey@gmail.com
Acres & Plots | Khalid Bey Real Estate