5918 Ross Ave
Dallas, TX 75206
 Palm Terrace Townhomes · Multifamily Property For Sale · 12 Units

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INVESTMENT HIGHLIGHTS

  • Located in the Lower Greenville Ave corridor (75206) within walking distance to shops, restaurants, and Trader Joe’s. Walk score of 84.
  • Priced post-COVID (UW guidance based on T-3 historicals) in a high demand and high appreciation sub-market
  • 1,100 SF 3-story units with 2-car attached garages and roof-top patios with views
  • 2011 construction A-asset in A-location (Dallas-Core) with high-end finishes and stainless steel appliances
  • The property has been with the same owner (the original developer) for over 9 years and has below average market rents ($1,875 vs $2,050)
  • 100% occupied with over $1.68M in other income opportunities

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.34 AC
Building Size 13,200 SF
No. Stories 3
Year Built 2011
Parking Ratio 0.15/1,000 SF

LINKS

PROPERTY TAXES

Parcel Number 001480000O05A0000 Improvements Assessment $4,103,139
Land Assessment $949,204 Total Assessment $5,052,343

ZONING

Zoning Code Z164

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