435 & 439 W 9th Street
Fully stabilized 16-unit Bishop Arts portfolio | $189,626 NOI | 1031 eligible | OM available
Marketing description
West 9th Condos is a fully renovated, stabilized 16-unit condominium portfolio one block from Bishop Avenue in Dallas's Bishop Arts District. The property spans four buildings across two addresses on a 5,270 SF corner lot, with a unit mix of two-bedrooms, one-bedrooms, loft/one-bedrooms, and studios ranging from 280 to 1,041 SF.
This is a turnkey acquisition. Renovation is complete, leases are in place, and income is flowing. The individual condo structure gives an incoming buyer meaningful flexibility — hold and harvest, dispose unit by unit over time, or execute a 1031 exchange. One unit is available at $1,300/month, providing immediate upside without stabilization risk.
Full OM and rent roll available upon request.
Investment highlights
15 of 16 units leased on 12–24 month terms — zero month-to-month exposure.
Stabilized NOI of $189,626 at a 6.9% cap rate on the $2,750,000 ask.
HOA fees are internal to a whole-portfolio buyer with no net outgoing expense.
One unit available at $1,300/month — immediate upside at closing.
Individually metered utilities eliminate owner exposure to tenant utility costs.
Tankless water heaters throughout.
Full renovation complete — granite countertops, modern tile, gold fixtures, stainless appliances, open floor plans. No deferred maintenance, no capital requirements.
Individual condo structure provides 1031 exchange eligibility and unit-by-unit disposition optionality. Corner lot at W 9th and Adams with 5 on-site parking spaces and off-street parking available.
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