817-406-3260
3299 S Polk St, Dallas, TX for Sale
Apartments - FOR SALE
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3299 S Polk St
Dallas, TX 75224


HIGHLIGHTS

  • Landmark Apartments presents an opportunity for buyers to purchase a stabilized, cash-flowing asset
  • With three units renovated so far, new ownership can focus on further renovations and capitalizing on rent increases to align with market rates
  • Landmark Apartments is a 60-unit garden-style product originally constructed in 1961 and recently repainted in 2022
  • The property has ample parking with a total of 94 total parking spaces, including 36 covered spaces, generating an income $1,300 a month.
  • The property is being offered free-and-clear of existing debt

OVERVIEW

Landmark Apartments presents an opportunity for buyers to purchase a stabilized, cash-flowing asset situated in one of the nation’s top real estate investment hubs. With three units renovated so far, new ownership can focus on further renovations and capitalizing on rent increases to align with market rates, ensuring sustained cash flow growth throughout the holding period. Recent upgrades to unit interiors boast vinyl flooring, stainless steel appliances, designer backsplashes, fully equipped kitchens, sleek gooseneck faucets, and updated lighting and hardware, showcasing a modern aesthetic. Extending these renovations to all units, new ownership can implement cost-effective upgrades while capitalizing on a $45 premium on average upon leasing at market rates post-renovation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

60

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Landmark Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

61

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

MF2A

APN/PARCEL ID

00000491260000000

ASK ABOUT THIS PROPERTY

Hugo ReisenbichlerGreysteelMore Info
817-406-3260

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Hugo ReisenbichlerGreysteelMore Info
817-406-3260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.