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Faits saillants de l'investissement
- Assumable Fannie Mae loan with an outstanding balance of approximately $3.6 million, a 4.08% fixed interest rate, and a September 2031 maturity.
- The Property underwent an extensive renovation program beginning in 2016, with more than $900,000 invested in capital improvements
- Unit interiors offer functional floor plans with significant value-add potential through targeted interior renovation
Résumé de l'annonce
• Assumable Fannie Mae Loan: The Newport is offered with an assumable Fannie Mae loan with an outstanding balance of approximately $3.6 million, a 4.08% fixed interest rate, and a September 2031 maturity. The Newport provides investors with an opportunity to benefit from an era of low interest rates, and a strong yielding asset following stabilization. Additional loan details are available in the data room.
• Basis Reset: The Property is being offered at near ~95% LTV. The primary equity contributions towards this deal will be CapEx and closings costs.
• Significant Upside: The Property offers a clear path to approximately $304K stabilized NOI in year 2, through occupancy recovery, expense normalization, and strategic capital improvements, creating a compelling value-add opportunity for investors to generate attractive risk-adjusted returns without relying on submarket tailwinds.
• Irreplaceable Location: Situated at the highly visible corner of Live Oak Street and Collett Avenue, The Newport benefits from one of Old East Dallas' most established and rapidly evolving neighborhoods. Continued public and private investment, declining new apartment deliveries, and improving absorption fundamentals position the asset to benefit from long-term appreciation following a successful stabilization.
• Basis Reset: The Property is being offered at near ~95% LTV. The primary equity contributions towards this deal will be CapEx and closings costs.
• Significant Upside: The Property offers a clear path to approximately $304K stabilized NOI in year 2, through occupancy recovery, expense normalization, and strategic capital improvements, creating a compelling value-add opportunity for investors to generate attractive risk-adjusted returns without relying on submarket tailwinds.
• Irreplaceable Location: Situated at the highly visible corner of Live Oak Street and Collett Avenue, The Newport benefits from one of Old East Dallas' most established and rapidly evolving neighborhoods. Continued public and private investment, declining new apartment deliveries, and improving absorption fundamentals position the asset to benefit from long-term appreciation following a successful stabilization.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 1,04 AC |
| Nombre d’unités | 41 | Taille du bâtiment | 27 775 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 63% |
| Sous-type de propriété | Appartement | Nombre d’étages | 2 |
| Style d’appartement | De faible hauteur | Année de construction/rénovation | 1958/2017 |
| Classe d’immeuble | B | Ratio de stationnement | 1,58/1 000 pi² |
| Zonage | Z164 | ||
| Type de vente | Investissement |
| Nombre d’unités | 41 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 1,04 AC |
| Taille du bâtiment | 27 775 pi² |
| Occupation moyenne | 63% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1958/2017 |
| Ratio de stationnement | 1,58/1 000 pi² |
| Zonage | Z164 |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Ventilateurs de plafond
- Planchers de bois franc
- Électroménagers en acier inoxydable
- Miroirs encadrés
Commodités du site
- Cour
- Installations de lessive
- Clôturé
- Espace de jeu pour animaux de compagnie
- Transport en commun
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 33 | - | 660 |
| 2+1 | 8 | - | 750 |
1 1
Très accessible à pied
80/100
Très bien adapté aux voitures
80/100
Transports en commun relativement accessibles
40/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 000670000A09A0100 | Évaluation des bâtiments | 2 438 055 $ CAD |
| Évaluation du terrain | 3 183 145 $ CAD | Évaluation totale | 5 621 200 $ CAD |
Impôts fonciers
Numéro de lot
000670000A09A0100
Évaluation du terrain
3 183 145 $ CAD
Évaluation des bâtiments
2 438 055 $ CAD
Évaluation totale
5 621 200 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Photos
Vue depuis la rue
Rue
Carte
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Présenté par
The Newport | 4950 Live Oak St
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