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4950 Cedar Springs Rd 15 Unit Apartment Building $8,859,520 CAD ($590,635 CAD/Unit) 4% Cap Rate Dallas, TX 75235

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INVESTMENT HIGHLIGHTS

  • Conveniently located at the corner of Cedar Springs and Mahanna.
  • Tremendous views from fourth level rooftop decks.

EXECUTIVE SUMMARY

Seller to pay 3% commission to buyer's broker. Relaxing pool and barbecue area. Tremendous views from fourth level rooftop decks. Conveniently located at the corner of Cedar Springs and Mahanna.

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $8,859,520 CAD
Price Per Unit $590,635 CAD
Sale Type Investment
Cap Rate 4%
Sale Condition 1031 Exchange
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.60 AC
Building Size 26,250 SF
Average Occupancy 93%
No. Stories 3
Year Built/Renovated 2013/2022
Parking Ratio 1.22/1,000 SF
Zoning MF2 - Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Granite Countertops
  • Hardwood Floors
  • Stainless Steel Appliances

SITE AMENITIES

  • Pool

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2.5 15 $4,186 CAD 1,750 - 1,800
  • Listing ID: 31184377

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 4950 Cedar Springs Rd, Dallas, TX 75235

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