972-379-9862
4712 Gaston Ave, Dallas, TX for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

4712 Gaston Ave
Dallas, TX 75246


HIGHLIGHTS

  • Fully Renovated Turnkey Property
  • Owner Infused ~$450,000+ in Capital Expenditures
  • Proven Rent Bumps Up to $400 on Renovated Units
  • Average Rents are $300 Under Market Comparables ($0.79 PSF)
  • Majority 2 BD Units
  • $76,000+ Median HH-Income in a 2-Mile Radius (CoStar)

OVERVIEW

The Multifamily Group is pleased to present the exclusive offering of Gaston Commons in Dallas, Texas. Constructed in 1960, the property has 38 units. Gaston Commons has studio to two-bedroom floorplans, with 84% being 2BD. Currently, the occupancy is 89% with 16 section 8 tenants. 33 of the 38 units have been renovated. Gaston Commons is located in the Peak’s Suburban historic district. See pages 11-12 of the OM for a quote from Save Water Co. for a water conservation program option. Pages 27-28 of the OM have a debt quote from CBRE.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

38

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gaston Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

PD 362-3B and PD 98

APN/PARCEL ID

00000124564000000

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

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