Saint Francis
20 Unit Apartment Building | $1,800,000 ($90,000/Unit) | 7.34% Cap Rate | Dallas, TX 75203
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,800,000
- Property Type
-
Multifamily
- Square Feet
- 10,000 SF
Listing Contacts
Dylan York
Verified Profile
- Property Info
Property Overview
Saint Franics Apartments is a classic courtyard style property located on N Marsalis, in the rapidly gentrifying North Oak Cliff neighborhood of Dallas. Saint Franics is located just one block off Lake Cliff Park. Lake Cliff Park is a historic and picturesque urban park that features a lake, recreational amenities, and an outstanding view of the Dallas skyline. Saint Francis has been in the same family for over 25 years and offers a new buyer many avenues to add value both physically and operationally.
Saint Francis also lies within an Opportunity Zone (see map on following page). Giving new ownership the opportunity to invest a capital gain into a Qualified Opportunity Fund (QOF), that can defer the tax on that gain until the date a new buyer opts to dispose of the investment or anytime before December 31, 2026.
Saint Francis also lies within an Opportunity Zone (see map on following page). Giving new ownership the opportunity to invest a capital gain into a Qualified Opportunity Fund (QOF), that can defer the tax on that gain until the date a new buyer opts to dispose of the investment or anytime before December 31, 2026.
Property Details
- Class
- C
- Year Built
- 1958
- Stories
- 2
- Lot Size (sq. ft)
- 18,295 SF
- Units
- 20
Highlights
- Excellent Location in Dallas - One Block from Lake Cliff Park with Outstanding Views of the Dallas Skyline
- Value-Add Play - Owned by Same Family for Over 25 Years
- Opportunity Zone - New Ownership can Invest a Capital Gain into a QOF and Defer Taxes on that Gain
Nearby Properties
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