Gaston Commons

Executive Summary:

The Multifamily Group is pleased to present the exclusive offering of Gaston Commons in Dallas, Texas.​ Constructed in 1960, the property has 38 units.​

Gaston Commons has studio to two-bedroom floorplans, with 84% being 2BD.​ Currently, the occupancy is 89% with 16 section 8 tenants.​ 33 of the 38 units have been renovated.​ Gaston Commons is located in the Peak’s Suburban historic district.​

See pages 11-12 of the OM for a quote from Save Water Co.​ for a water conservation program option.​

Pages 27-28 of the OM have a debt quote from CBRE.​

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  Owner Infused ~$450,000+ in Capital Expenditures

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  Proven Rent Bumps Up to $400 on Renovated Units

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  Average Rents are $300 Under Market Comparables ($0.79 PSF)

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  Majority 2 BD Units

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  $76,000+ Median HH-Income in a 2-Mile Radius (CoStar)

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  High Visibility On Gaston Ave (~15,000+ VPD)