Apartment Complex for Sale in 326 E. Illinois Ave, Dallas, Texas, USA

86 Unit Cash-Cow! Dallas Texas

The Colonial Hills Apartment community is an 86 unit apartment complex, consisting of 9 two-story buildings on one entire city block! The competitive advantage this property offers is it's location, unit mix, management, square footage of units, condition and overall appeal. This property offers excellent location benefits, being on a main arterial road with a bus-stop right out front. It's a "stand-alone" type of property, meaning there are no competing apartment buildings to the right, left, behind or across the street from the subject. In fact, the property is surrounded by single family homes and a nearby golf-course.

The interior appeal of the units, coupled with superb in-place management have made this property into a stellar performer within the community. After completing substantial capital expenditures during 2007, the property is now poised for even greater growth during 2008. At present, the property enjoys 100% occupancy. Excellent third-party financing is available though Fannie Mae Express as noted on the investment summary.

This stabilized property represents a unique opportunity for an investor to "take-over" the existing operations and continue profiting from this well-established landmark property.