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708 N Marsalis Ave 20 Unit Apartment Building For Sale Dallas, TX 75203
Executive Summary
Saint Francis Apartments is a 20 unit, classic courtyard-style community located on North Marsalis Avenue in the rapidly evolving North Oak Cliff neighborhood of Dallas. The property sits just one block from Lake Cliff Park, a historic and scenic urban green space featuring a tranquil lake, recreational amenities, and sweeping views of the Dallas skyline. Owned and operated by the same family for more than 25 years, Saint Francis presents a compelling opportunity for new ownership to enhance value through both physical improvements and operational efficiencies. Additionally, the property is situated within a designated Opportunity Zone. This designation allows investors to reinvest capital gains into a Qualified Opportunity Fund (QOF), providing the potential to defer taxes on those gains by improving the property.
Contact agent for financials and pricing.
Contact agent for financials and pricing.
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Property Facts
| Sale Type | Investment | Building Size | 10,016 SF |
| No. Units | 20 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 2.5/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.42 AC | ||
| Zoning | MF2A | ||
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 10,016 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF2A |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Window Coverings
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
- Property Manager on Site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,088 CAD | 500 |
1 1
Property Taxes
| Parcel Number | 00000249319000000 | Improvements Assessment | $585,373 CAD |
| Land Assessment | $749,876 CAD | Total Assessment | $1,335,249 CAD |
Property Taxes
Parcel Number
00000249319000000
Land Assessment
$749,876 CAD
Improvements Assessment
$585,373 CAD
Total Assessment
$1,335,249 CAD
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708 N Marsalis Ave
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