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 TypeMultifamily
- Size10,000 SF
- Occupancy88%
- Built1926
- Total Acres~0.43 ac
Sale Details
- NOI$62,253
- Stabilized NOI$98,862
- In-Place Rents1,365
- Market Rents1,411
- Rents Below Market3.30%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units8
- Available Units1
- Occupancy88%
- Unit Mix2BR
- Average Unit Size1,250 SF
- Average Rent1,411 $/mo
- Year Built1926
- Parking Ratio1.6
- Acres0.43
- APN123115000000
- Ownership InterestFee Simple
Property Details







Deal Team


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 TypeMultifamily
- Size10,000 SF
- Occupancy88%
- Built1926
- Total Acres~0.43 ac
Sale Details
- NOI$62,253
- Stabilized NOI$98,862
- In-Place Rents1,365
- Market Rents1,411
- Rents Below Market3.30%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units8
- Available Units1
- Occupancy88%
- Unit Mix2BR
- Average Unit Size1,250 SF
- Average Rent1,411 $/mo
- Year Built1926
- Parking Ratio1.6
- Acres0.43
- APN123115000000
- Ownership InterestFee Simple
Property Details
Deal Team


