4210 Prescott Ave - Apartments FOR SALE


Dallas, TX 75219- Oak Lawn
$4,790,000 USD
214-528-9250
4210 Prescott Ave, Dallas, TX for Sale
$4,790,000 USD
Apartments - FOR SALE
1/55
null | Request Cap Rate

4210 Prescott Ave
Dallas, TX 75219
Oak Lawn


HIGHLIGHTS

  • This exceptional investment opportunity provides a six-unit apartment complex sitting just two blocks from Dallas’ upscale Highland Park neighborhood.
  • There is a significant value-add upside to complete minor cosmetic renovations and drive elevated rents and revenue to the property.
  • Located within walking distance of multiple lush parks, an Equinox Gym, and the Shops at Turtle Creek Village shopping mall.
  • Supported by a growing population of more than 211k within 3 miles, with more than 71% of residents currently renting their homes.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,790,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

6

PRICE/UNIT

$798,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prescott Ave Condos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,612 SF

ZONING

Z136

APN/PARCEL ID

00000196174000000

ASK ABOUT THIS PROPERTY

Matthew CassidyPerry Guest CompanyMore Info
214-528-9250

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Matthew CassidyPerry Guest CompanyMore Info
214-528-9250

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