- Once-in-a-generation multi-family / townhome / condo investment opportunity at 100% occupancy and waiting list of prospective tenants.
- +/- 0.551 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 to Uptown and Downtown Dallas and easy access to the Dallas North Tollway, Interstate 35, Central Expressway and Interstate 30.
- 2006 construction with sleek all white modern facade, flexible floor plans, two-car garage, communal pet play area, luxury interior finishes with granite kitchens, stainless steel appliances, custom 42 inch cabinets, high ceilings and individual balconies.
- Significant upside through implementing a RUB system, increasing below market rents ($4,468 per month / $1.68 PSF) to $1.85 PSF or more, as well as, spinning off each individual unit at market prices. Immediate upside with 49.81% of the Property expiring by YE 2022. 64.67% of which are $200 to $700 below current renewals.
- All 14 units platted together under a Texas condominium regime to be reinstated if desired.
- Coveted location within the Turtle Creek / Oak Lawn neighborhood – one of the most sought after residential markets in the DFW Metroplex. Property lies 561 feet from Whole Foods and countless bars and restaurants along Lemmon Avenue.
- Minutes walk or drive to countless parks, the Katy Trail, Uptown, Downtown, West Village, Highland Park Village and Love Field Airport, among other numerous amenities.
- Affluent and dense market with 33,672 and 202,880 residents within a one and three mile radius. Average household incomes are a staggering $121,010 to $127,178 within the respective one and three mile radii.
- 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 and 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 4502 Holland Apartments (the “Property”), a 14 unit attached townhome – apartment / condo project located at the hard NWC of Holland Avenue & Prescott Avenue in Dallas, Texas. Built in 2006, the Property boasts a sleek modern aesthetic, accented by lush green space and dark trims. Current ownership has legally platted the units together under a Texas condominium regime and obtained FNMA financing which a buyer can assume. Each home features a clean all white brick exterior, individual two-car garage, luxury interior finishes, balconies, green space and a communal pet play area. Every unit is well appointed with granite kitchens, stainless steel appliances, custom 42’ cabinets, high ceilings and strategic floor plans that offer tenants flexible living accommodations that fit their individual needs. Additionally, 50% of the units enjoy a private fenced-in yard, perfect for those tenants with pets.
Located in the heart of Dallas’ urban core, just Uptown Dallas, the amenity rich and walkable Turtle Creek / Oak Lawn neighborhood is one of the most coveted residential areas in the country. Surrounding the Property are an array of boutique multi-family developments, townhomes and single-family residences. With its tree-lined streets and manicured lawns, the area offers tenants a first-in-class urban living experience with an unbeatable neighborhood feel. Due to its infill positioning, tenants will enjoy incredible access to the best of what Dallas has to offer. Within just a few minutes walk or drive, residents can walk the Katy Trail, dine in Uptown or shop at Highland Park Village.