4014 Hall StDallas, TX 75219

For Sale
$3,250,000

17-Unit Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 17-unit apartment building located in Dallas, Texas, at 4014-4018 N Hall St, zip code 75219. The property, encompassing 10,567 square feet across two, two-story buildings, sits on a substantial 19,000 square foot lot. Built in 1956 and renovated in the 2000s, the property offers significant value-add potential. Currently boasting a 94% occupancy rate, the 17 units are configured as one-bedroom, one-bathroom apartments, each featuring central heating and air conditioning, in-unit washer/dryer hookups, and covered parking. The property benefits from separate electric meters and master gas and water metering. Its prime location offers convenient access to local shops, bars, and restaurants. The asking price is $3,250,000, translating to $191,176 per unit and $307.56 per square foot. The pro-forma NOI is $161,757, representing a 5.00% pro-forma cap rate. The land value alone is estimated at $171 per square foot, presenting a compelling covered land play opportunity. The property is zoned MF2. This multifamily asset offers a strong combination of immediate income generation and substantial upside potential through further renovations and rent increases.

Highlights

  • Significant Value-Add Opportunity
  • Prime Location
  • Ample Covered Parking

Property Details for 4014 Hall St

Property type
Multifamily properties, Apartment buildings
Square Feet
10,567 SF
Class
C
Year Built
1956
Buildings
2
Stories
2
Units
17

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.8126028
Longitude
-96.8102091
4014 Hall St, Dallas, Texas

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4014 Hall St
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