Introducing an exceptional investment opportunity at 4210 Prescott Avenue, offering a six-unit complex nestled just two blocks from the upscale Highland Park neighborhood in Dallas, Texas. This presents a great opportunity to hold the building long term for future projects while completing light cosmetic value add improvements to drive elevated rents in the near term.
Built in 2006, the property was originally designed for each unit to be sold off individually but was kept as an apartment complex. This podium construction building features six spacious units, each boasting three bedrooms, three full bathrooms, in-unit laundry facilities, gas fireplaces, and private two-car garages. With separate electric meters and master-metered for gas and water supply, this property presents a hassle-free utility setup.
Central placement between the Dallas North Tollway and the Central Expressway positions 4210 Prescott Avenue in a high demand suburban hub with convenient access to great amenities, beautiful parks, Love Field Airport, and Downtown Dallas. Residents love the community’s proximity to walkable amenities, including Lakeside Park, Connor Park, an Equinox Gym, and numerous household name retailers at the Shops at Turtle Creek Village shopping mall.
A rapidly growing population of over 211,000 living within three miles of the property delivers elevated demand for quality rental units in the area, with over 71% of residents currently renting their homes. The average household income for the region exceeds $121,000, resulting in consumer spending of more than $3.5 billion during 2024, including $609 million spent on household segments.
4210 Prescott Avenue’s strategic location, proximity to affluent neighborhoods, and the option for a cosmetic value add make it an ideal long-term investment opportunity in a highly desirable area.
Don't miss the chance to maximize rental potential in this sought-after Dallas location - Contact the Perry Guest Company team today for more details and take the first step toward owning this exceptional multifamily property.