- Once-In-A-Generation Multi-Family Investment Opportunity at 100% Occupancy.
- ±0.785 AC With a Legacy High-Barrier Infill Location Within the Heart of Dallas.
- First-In-Class Urban Living with Traditional Neighborhood Feel with Unbeatable Live, Work, Play Environment.
- Unmatched Proximity and Access to Fair Park, The Cedars and Deep Ellum, as well as Downtown Dallas.
- Terrific Access to Interstate 45, Highway 175 And Interstate 75, Creating an Easy Commute for Tenants Anywhere within the DFW Metroplex.
- 2016 Construction with Newly Polished Urban Facade, Flexible Floor Plans, Covered/Gated Garage, Communal Gym/Event Space, Luxury Interior Finishes with Granite Counter Tops, Stainless Steel Appliances, Custom 42 Inch Cabinets, High Ceilings, and Individual Balconies.
- Significant Upside Through Increasing Below Market Rents ($1,183 Per Month / $1.21 PSF).
- Attractive Financing Available to Investors!
- Coveted Location Within the Fair Park / South Dallas Neighborhood – One of the Most Sought After Residential Markets in the DFW Metroplex. Property Lies 798 Feet from Fair Park Grounds and Countless Retail Centers and Restaurants Along Robert B Cullum Blvd.
- Minutes Walk or Drive to Countless Parks, Fair Park, Uptown, Downtown, West Village, Cedars, And Deep Ellum, Among Other Numerous Amenities.
- Dense Infill Market With 10,029 And 153,846 Residents Within a One & Three Mile Radius. Average Household Incomes at $62,878 to $105,930 Within the Respective One & Three Mile Radius.
- Excellent Tenant Base and Future Growth Opportunities Due to the Incredible Daytime Densities With 1,943, 18,384, and 29,083 Businesses with over 14,413, 252,925, and 385,895 Employees Within a One, Three & Five Mile Radius.
DB2RE INVESTMENT SALES as exclusive advisor, is pleased to present to qualified investors the once-in-a-generation opportunity to purchase the 3221 Flats (the “Property”), a 38 unit apartment complex located at the hard SEC of Elihu Street & JB Jackson Jr. Boulevard in Dallas, Texas. Built in 2016, the Property boasts a newly polished urban aesthetic, first-class masonry and lush landscaping. The complex has been well maintained with limited to no capital improvements needed for new ownership. Every unit is well appointed with granite counter tops, stainless steel appliances, custom and strategic floor plans that offer tenants flexible living accommodations that fit their individual needs. Residents also have access to shared amenity spaces throughout the property boasting an outfitted gym, pool table, TV’s and community hosting kitchen area. Additionally, all units enjoy covered and gated parking with a pass protected entrance.
Located in the heart of Dallas’ urban core in the small, historic district of South Boulevard-Park Row, the amenity rich Cedars, Fair Park and Deep Ellum districts are within walking distance of the Property. Due to its strategic positioning within the heart of Dallas and access to major employment centers and traffic generators, the market is one of the fastest growing up and rapidly gentrifying residential areas in the country. With close proximity to I-45 and Highway 175, residents have an easy commute to anywhere within the DFW Metroplex. Tenants enjoy an affordable first-in-class urban living experience with an unbeatable neighborhood feel. Investors will benefit from the Property’s stable tenancy, infill positioning within a high-growth / high-barrier market and future upside that comes with core multi-family properties in the DFW Metroplex.