Listings / 740 EDGEMONT AVE

740 EDGEMONT AVE 740 Edgemont Ave, Dallas, TX 75216

Price $585,000

Cap Rate 6.58%

GRM 6.66

Price Per SF $81

Units 10

Price Per Unit $58,500

Gross Sq. Footage 7,223 SF

Year Built 1969

Status available

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Description

Matthews Real Estate Investment Services is pleased to present 740 Edgemont Ave, a 10-Unit value add multifamily asset located in Dallas, TX. 740 Edgemont is located 5 minutes away from Downtown Dallas. The property also benefits from being situated in proximity to the Dallas Zoo and I-35 E. Current ownership recently replaced the roof and windows turned multiple units and leased these units at $850, providing new ownership the opportunity to carry that momentum forward and perform a similar value add strategy on the rest of the building. Qualified investors are offered an outstanding opportunity to acquire a valued add asset located in one of the nation’s largest & fastest-growing MSA’s.

Opportunity