Exceptional opportunity to acquire a fully leased, currently under market rates, recently constructed 5-unit condominium platted townhome community in the heart of East Dallas. Built in 2021, this modern, income-producing asset offers a rare combination of strong in-place cash flow and compelling future upside. The property consists of four spacious… Read More 2-bedroom, 2.1-bathroom townhomes and one 1-bedroom, 1.5-bath unit, each thoughtfully designed with open-concept living, granite finishes throughout, and private rooftop decks featuring turf and stunning Dallas skyline views. All bedrooms are situated on the third floor, creating an ideal separation of living and private spaces. Located in one of East Dallas’ most desirable and walkable areas, the property is just steps from popular dining, retail, and entertainment destinations, enhancing tenant appeal and long-term rental stability. Unit 5 is currently operating as a short-term rental, providing additional income flexibility. With no HOA currently in place, this asset presents a unique value-add opportunity. An appraisal of $2.8M is available, and the highest and best use for the property may be the creation of an HOA to facilitate the sale of individual units. This allows a buyer to capitalize on immediate equity and multiple exit strategies, including selling units individually, occupying one unit while leasing the others, or holding the property as a long-term investment. Whether you’re seeking a stabilized multifamily investment or a strategic redevelopment play, this East Dallas townhome complex offers versatility, location, and upside in one compelling package. Read Less
Courtesy of Compass RE Texas, LLC., Alan Sahliyeh.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Business
Square Ft.
5,879
Lot Size
0.15 Acres
Year Built
2021
MLS Number
21217514
Additional Details
Property Access
Road frontage type: CityStreet
Building
Built in 2021, Construction materials: FiberCement, WoodSiding, 4 total stories, Toal building area: 5879
Community
Curbs, Sidewalks
Cooling
CentralAir, CeilingFans, Electric
Expenses
Insurance: $9,594
Floors
Carpet, Tile, Wood
Heating
Central, NaturalGas
Income
Gross income: $204,480, Net operating income: $147,200
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