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Parkside Place Apartments 2833 Community Dr 84 Unit Apartment Building For Sale Dallas, TX 75220
Investment Highlights
- Average in-place rents of $1,281/mo remain below the highest rents achieved over last 12 mo,averaging approx $1,404/mo, providing proven,rental upside
- Parkside Place is 98% occupied and offers an attractive going-in yield with additional upside through a mark-to-market business plan.
- Long-term private ownership who have well-maintained the Property and set the foundation for continued success.
- Infill Dallas Location with Strong Connectivity & Major Employment Drivers.
Executive Summary
A well-located, 84-unit apartment community at 2833 Community Dr. in the Bachman Lake submarket of Dallas.
Constructed in 1971, the two-story property consists of six brick buildings with one-bedroom units averaging 681 SF and two-bedroom units averaging 990 SF. Community eatures include individual HVAC condensers, a central courtyard, patios/balconies, grilling areas, and 120 parking spaces.
Constructed in 1971, the two-story property consists of six brick buildings with one-bedroom units averaging 681 SF and two-bedroom units averaging 990 SF. Community eatures include individual HVAC condensers, a central courtyard, patios/balconies, grilling areas, and 120 parking spaces.
Property Facts
| Sale Type | Investment | Lot Size | 2.53 AC |
| No. Units | 84 | Building Size | 66,090 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1971/2006 |
| Apartment Style | Garden | Parking Ratio | 1.36/1,000 SF |
| Building Class | C | ||
| Zoning | CR, Dallas | ||
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.53 AC |
| Building Size | 66,090 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2006 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | CR, Dallas |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | - | 600 - 745 |
| 2+2 | 28 | - | 990 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00000433757000000 | Improvements Assessment | $7,915,309 CAD |
| Land Assessment | $1,064,624 CAD | Total Assessment | $8,979,933 CAD |
Property Taxes
Parcel Number
00000433757000000
Land Assessment
$1,064,624 CAD
Improvements Assessment
$7,915,309 CAD
Total Assessment
$8,979,933 CAD
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Parkside Place Apartments | 2833 Community Dr
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