5613 Lindell Ave | Dallas, TX 75206
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- LoopNet Team
5613 Lindell Ave
Dallas, TX 75206
Build-to-Rent Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- East Dallas saw stable rent growth through the last couple years, rising 2.24% YOY.
- Walk Score of 90 make it Very Walkable and attractive to young professionals with incredible access for to shopping, dining and nightlife
- Currently under market rents due to long-term tenants, low unit turnover, property has been with the same owner for 8 years
- The area is now rebounding with pent-up demand that is driving rent growth which is expected to continue into 2022.
- Value-add income opportunity through interior upgrade program, implement a Washer and Dryer rental program, water utility bill back program
- 2006 construction in A-location (Dallas-Core) with common area amenities including controlled gate access and low-maintenance landscaping
PROPERTY FACTS
| No. Units | 5 | Property Size | 7,871 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Low-Rise | Year Built | 2006 |
| Costar Property Class | B | Parking Allocation | 1.27/1,000 sq ft |
| Total Plot Size | 0.17 ac | ||
| Use Class | MF2A | ||
| No. Units | 5 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.17 ac |
| Property Size | 7,871 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 2006 |
| Parking Allocation | 1.27/1,000 sq ft |
| Use Class | MF2A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Security System
- Ceiling Fans
- Granite Countertops
- Wooden Floors
- Vaulted Ceiling
- Sprinkler System
- Stainless Steel Appliances
- Walk-In Closets
- Mud Room
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+2 | 5 | £2,300 | - |
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