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East Dallas Portfolio 2 Multifamily Properties in Dallas, TX
Investment Highlights
- This portfolio includes three apartment buildings located in Old East Dallas: 4931 Bryan (12 units), 4927 Bryan (8 units), and 4818 Junius (8 units)
- Upgrades include the installation of individual HVAC condenser and individual condensers
- East Dallas is a well-established residential submarket and its appeal is driven by proximity to major employment centers
- Approximately $111K in capital improvements have been completed by current ownership across the portfolio
- This portfolio offers a clear value-add opportunity through multiple strategies and it has recently stabilized at 90% occupancy
- This Portfolio is being offered free and clear of existing debt
Executive Summary
This portfolio includes three apartment buildings in the heart of Old East Dallas: 4927–4931 Bryan (20 units) and 4818 Junius (8 units), totaling 28 units.
Ownership has invested approximately $111K in capital improvements in the last year, including sewer and water line replacements, new hot water heaters, select HVAC upgrades, and a new roof. While significant work has been completed, there remains meaningful upside. Implementing a RUBS program for water/sewer, consistent with nearby comps, would increase potential revenue by $8,201 annually. Additionally, the 18 units with washer/dryers achieve an average $137 monthly premium over non-W/D units, presenting an opportunity to upgrade the remaining 10 units. The business plan centers on burning off loss-to-lease through the various value-add strategies detailed in the Offering Memorandum. Occupancy has recently stabilized at 90%, with collections increasing to approximately $24K/month, positioning the portfolio for continued improvement under new ownership.
Ownership has invested approximately $111K in capital improvements in the last year, including sewer and water line replacements, new hot water heaters, select HVAC upgrades, and a new roof. While significant work has been completed, there remains meaningful upside. Implementing a RUBS program for water/sewer, consistent with nearby comps, would increase potential revenue by $8,201 annually. Additionally, the 18 units with washer/dryers achieve an average $137 monthly premium over non-W/D units, presenting an opportunity to upgrade the remaining 10 units. The business plan centers on burning off loss-to-lease through the various value-add strategies detailed in the Offering Memorandum. Occupancy has recently stabilized at 90%, with collections increasing to approximately $24K/month, positioning the portfolio for continued improvement under new ownership.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 14,126 SF |
| Number of Properties | 2 | Total Land Area | 0.35 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,126 SF |
| Total Land Area | 0.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4818 Junius St, Dallas, TX 75246 | Multifamily | 7,100 SF | 1950 | - |
| 4927 Bryan St, Dallas, TX 75206 | Multifamily | 7,026 SF | 1938 | - |
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East Dallas Portfolio
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