Listed by Gall Real Estate Services, LLC
$5,250,000
Redwood Court Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 27,100
Units 45
Tenancy Multi
Pro-Forma Cap Rate 5.36%
Pro-Forma NOI $281,740
Year Built 1976
Buildings 8
Acreage 2.200
Zoning RM
Parking Spaces per unit
Investment Type Stabilized
32 Unit Complex
Marketing description
32 units on three parcels. A mix of two- and three-bedroom units. Ninety-day Notice has been given for rent increase. Financials are based on new rents as of July 1st, 2026. Dallas is an excellent investment opportunity, with a growing population and historically very low vacancy rates. Eight buildings, each with four units. Local Management in place.
Investment highlights
-Historically low vacancy rate
-Walking distance to shopping
-Two- and three-bedroom units
-On-site parking
Listing Contacts
Listed by Gall Real Estate Services, LLC
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