Listing banner image
  • Size
    10,000 SFSize
  • Property Type
    MultifamilyProperty Type
  • Occupancy
    88%Occupancy
  • Lot Size
    0.43 acresLot Size
  • NOI
    $62,253NOI
  • In-Place Rents
    $1,365In-Place Rents

Description

The Biltmore, a classic multifamily investment property, presents a unique opportunity in the desirable Swiss Avenue Historic District of Dallas, TX. Built in 1926, the property spans 10,000 square feet across 0.43 acres and consists of 8 spacious units averaging 1,250 square feet each. Current occupancy is 88%, with in-place rents of $1,365, approximately 3.3% below market rates of $1,411, offering immediate upside potential through rent optimization. The stabilized NOI is $98,862, while the current NOI is $62,253, reflecting room for operational and income improvements. Situated in a...

Documents

Offering Summary

  • Asking Price
    $1,400,000
  • Price PSF
    $140
  • Price/Unit
    $175,000
  • Property Type
    Multifamily
  • Size
    10,000 SF
  • Occupancy
    88%
  • Built
    1926
  • Total Acres
    ~0.43 ac

Sale Details

  • NOI
    $62,253
  • Stabilized NOI
    $98,862
  • In-Place Rents
    1,365
  • Market Rents
    1,411
  • Rents Below Market
    3.30%

Documents

Property Address

4515 Swiss Avenue
Dallas, TX 75204

Property Details

  • Property Type
    Multifamily
  • Total Units
    8
  • Available Units
    1
  • Occupancy
    88%
  • Unit Mix
    2BR
  • Average Unit Size
    1,250 SF
  • Average Rent
    1,411 $/mo
  • Year Built
    1926
  • Parking Ratio
    1.6
  • Acres
    0.43
  • APN
    123115000000
  • Ownership Interest
    Fee Simple

Property Details

Deal Team

Craig Jasso profile image
Craig Jasso
Associate Vice President Associate Vice President
TX RE Lic. #752661
Esther Cho profile image
Esther Cho
Associate Vice President Associate Vice President
TX RE Lic. #0680452

Description

The Biltmore, a classic multifamily investment property, presents a unique opportunity in the desirable Swiss Avenue Historic District of Dallas, TX. Built in 1926, the property spans 10,000 square feet across 0.43 acres and consists of 8 spacious units averaging 1,250 square feet each. Current occupancy is 88%, with in-place rents of $1,365, approximately 3.3% below market rates of $1,411, offering immediate upside potential through rent optimization. The stabilized NOI is $98,862, while the current NOI is $62,253, reflecting room for operational and income improvements. Situated in a...

Documents

Offering Summary

  • Asking Price
    $1,400,000
  • Price PSF
    $140
  • Price/Unit
    $175,000
  • Property Type
    Multifamily
  • Size
    10,000 SF
  • Occupancy
    88%
  • Built
    1926
  • Total Acres
    ~0.43 ac

Sale Details

  • NOI
    $62,253
  • Stabilized NOI
    $98,862
  • In-Place Rents
    1,365
  • Market Rents
    1,411
  • Rents Below Market
    3.30%

Documents

Property Address

4515 Swiss Avenue
Dallas, TX 75204

Property Details

  • Property Type
    Multifamily
  • Total Units
    8
  • Available Units
    1
  • Occupancy
    88%
  • Unit Mix
    2BR
  • Average Unit Size
    1,250 SF
  • Average Rent
    1,411 $/mo
  • Year Built
    1926
  • Parking Ratio
    1.6
  • Acres
    0.43
  • APN
    123115000000
  • Ownership Interest
    Fee Simple

Property Details

Deal Team

Craig Jasso profile image
Craig Jasso
Associate Vice President Associate Vice President
TX RE Lic. #752661
Esther Cho profile image
Esther Cho
Associate Vice President Associate Vice President
TX RE Lic. #0680452
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