1415 Bennett
Executive Summary
Marketing description
1415 Bennett is a fully rehabbed, boutique multifamily asset in a dynamic, urban infill submarket in Dallas. Strategically located in the highly sought after East Dallas corridor, the property benefits from immediate proximity to Downtown Dallas, Deep Ellum, Lower Greenville, Knox-Henderson, and Baylor University Medical Center — key demand drivers that support strong and consistent rental performance.
Built in 1957 and completely reconstructed to the studs in 2019, the property’s 18 units carry an effectively new construction profile without the new-construction price. The full-gut renovation eliminates capital risk typically associated with a vintage asset. For an investor seeking stabilized cash flow in a supply constrained infill location, 1415 Bennett offers an uncommon combination of modern finishes, low deferred maintenance, and irreplaceable East Dallas positioning.
Investment highlights
- Extensively Remodeled to the Studs: Updates include entirely new electrical, plumbing, roofing, mechanicals, stone countertops, stainless appliances, cabinets, vinyl plank flooring, in-unit stackable washer/dryers, and an electric entry gate.
- Prime Infill Location: Central to Downtown Dallas, Uptown, Deep Ellum, Lower Greenville, and Knox-Henderson, with walkable access to grocery, retail, parks, and restaurants.
- Major Employment Anchor Next Door: The property sits within minutes of Baylor University Medical Center and the Dallas CBD, a 24/7 workforce driver that supports consistent occupancy independent of broader economic cycles.
- Acquire Well Below Peak Market Trades: Comparable assets in the East Dallas corridor traded between $175K and $210K per door at the 2021-2022 cycle peak. At the current guidance of $2,500,000, approximately $139K per door, this offering represents a 20-35% discount to prior peak trades and a basis well below replacement cost.
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