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3020 South Blvd 6 Unit Apartment Building $1,046,400 CAD ($174,400 CAD/Unit) Dallas, TX 75215



Investment Highlights
- Six-unit multifamily asset with recent upgrades including fresh paint, weather stripping, appliance servicing, and HVAC maintenance.
- Gated property with a wheelchair-accessible ramp, providing controlled access and enhanced accessibility for residents and visitors.
- Located approximately 15 minutes from Dallas Love Field Airport, providing convenient access to major employment centers and transportation corridors.
- Turnkey property with all units featuring full kitchens and updated stackable washer/dryer units.
- Generous on-site parking with 17 parking spaces, offering convenience for tenants and guests.
- Current occupancy presents an opportunity to increase revenue through lease-up activity and rent stabilization initiatives.
Executive Summary
This six-unit multifamily property has been recently improved and is positioned for an investor seeking a well-maintained asset with operational upside. Ownership has completed a series of property enhancements, including new weather stripping on all doors, fresh interior paint throughout, appliance servicing with replacements completed as needed, and HVAC maintenance with component updates where required. These recent improvements support a turnkey investment opportunity with reduced near-term capital needs.
Each unit includes a full bathroom and is equipped with a stove, refrigerator, and updated stackable washer and dryer. The property also features a gated entrance, a wheelchair-accessible ramp, and an expansive parking area with ample spaces available for residents and guests.
The current unit mix consists of both one-bedroom and two-bedroom residences, providing a diverse housing offering that appeals to a broad tenant base. In addition to the property's physical improvements, investors may find an opportunity to further enhance income performance through continued leasing activity and rent stabilization efforts as occupancy is optimized.
With recent capital improvements already completed, functional in-unit amenities, controlled access, accessibility features, and abundant parking, this property offers a straightforward ownership opportunity with both immediate utility and future income growth potential.
Each unit includes a full bathroom and is equipped with a stove, refrigerator, and updated stackable washer and dryer. The property also features a gated entrance, a wheelchair-accessible ramp, and an expansive parking area with ample spaces available for residents and guests.
The current unit mix consists of both one-bedroom and two-bedroom residences, providing a diverse housing offering that appeals to a broad tenant base. In addition to the property's physical improvements, investors may find an opportunity to further enhance income performance through continued leasing activity and rent stabilization efforts as occupancy is optimized.
With recent capital improvements already completed, functional in-unit amenities, controlled access, accessibility features, and abundant parking, this property offers a straightforward ownership opportunity with both immediate utility and future income growth potential.
Property Facts
| Price | $1,046,400 CAD | Lot Size | 0.18 AC |
| Price Per Unit | $174,400 CAD | Building Size | 4,890 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2016/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.48/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | MF2 - Multifamily | ||
| Price | $1,046,400 CAD |
| Price Per Unit | $174,400 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 4,890 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2016/2024 |
| Parking Ratio | 3.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF2 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,604 CAD | 500 |
| 2+1 | 4 | $1,884 CAD | 700 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00000150581000000 | Improvements Assessment | $970,679 CAD |
| Land Assessment | $80,416 CAD | Total Assessment | $1,051,095 CAD |
Property Taxes
Parcel Number
00000150581000000
Land Assessment
$80,416 CAD
Improvements Assessment
$970,679 CAD
Total Assessment
$1,051,095 CAD
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3020 South Blvd
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