A rare opportunity to acquire a fully renovated 16-unit condominium portfolio one block from Bishop Avenue, one of Dallas's most active dining and entertainment corridors.
The portfolio spans 4 buildings and delivers 9 leased units with in-place income at closing, with the remaining 7 units rent-ready and actively being leased at current market rates. No deferred maintenance. No renovation timeline. The heavy lifting is done.
The unit mix includes studios, one-bedroom, and two-bedroom residences, individually metered for utilities with tankless water heaters throughout. The flexible unit mix supports long-term and mid-term rental strategies, with additional uses subject to city guidelines.
With stabilized pro forma gross income of $247,200 annually and a location that continues to benefit from Dallas's urban core demand, this portfolio is positioned for an investor seeking immediate cash flow with a clear path to full stabilization.