8127 Stonehurst St - Apartments FOR SALE


Dallas, TX 75217
$950,000 USD
702-355-0883
8127 Stonehurst St, Dallas, TX for Sale
$950,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

8127 Stonehurst St
Dallas, TX 75217


HIGHLIGHTS

  • This recently updated 10-plex boasts a traditional design, ample parking with new asphalt, and significant value-add potential.
  • Positioned just off Buckner Boulevard, the property has easy access to quality shopping and dining amenities, as well as highways 80 and 175.
  • A new owner can add roadside signage which will deliver exposure to more than 30,000 vehicles passing by the location each day.
  • Supported by a 5-mile population of more than 250,000, with 50% renting their homes, providing a steady pipeline of new residents.

OVERVIEW

Don’t miss this chance to secure a great multifamily investment opportunity with significant upside potential at 8127 Stonehurst Street, the Stonehurst Apartments. This two-story 10-plex is situated near downtown and attracts residents with convenient proximity to essential amenities. The property features a mix of eight (8) 1 bedroom and two (2) 2-bedroom apartments, each measuring approximately 500 square feet. While the building's exterior boasts a traditional design, ample parking and new asphalt, the interiors are dated, with original kitchens, bathrooms, and single-pane windows. This presents a significant value-add opportunity for a new owner to complete interior renovations to increase profitability. The Stonehurst Apartments enjoy ideal placement just off Buckner Boulevard in Southeast Dallas. This vital commuter and commercial corridor places tenants within minutes of national retail brands, popular local restaurants, and walkable parks. The artery also allows for quick connections to nearby Highway 80 and 175. A new owner can benefit from the addition of new roadside signage, allowing visibility from more than 30,000 passing vehicles daily traveling along Buckner Boulevard. Among the more than a quarter million residents living within five miles of the property, more than 50% currently rent their homes, providing a massive pool of potential future tenants. Elevated demand for housing in the area resulted in consumer spending of more than $283 million on household segments during 2024.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

10

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stonehurst Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

PD

APN/PARCEL ID

0063070A000010000

ASK ABOUT THIS PROPERTY

Jude NassarClearwater Real Estate Investment ServicesMore Info
702-355-0883

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Jude NassarClearwater Real Estate Investment ServicesMore Info
702-355-0883

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