1516 Annex
Multifamily | 60 Units
Marketing description
CityPointe Apartments offers affordable urban living just minutes from Downtown Dallas in the rapidly growing Cedars/South Dallas corridor. Conveniently located near I-30, I-35E, and US-75, residents enjoy easy access to major employment centers, Baylor and Methodist Medical Centers, Deep Ellum, Uptown, Fair Park, and the Dallas Farmers Market.
The community features functional apartment homes designed for comfort and convenience, appealing to workforce professionals, students, and residents seeking value in a central Dallas location. With ongoing redevelopment and investment transforming the surrounding area, CityPointe Apartments is well-positioned to benefit from strong renter demand and continued neighborhood growth.
Investment highlights
- 3 buildings
- 2 stories
- 1.09 Acres
- 1963 build
- 60 units
- 61 parking spaces
Proven Value‑Add Execution
Significant Capital De‑Risking
Strong Cash Flow Profile
Demographic Tailwinds
Operational Advantage
Smaller 60-unit footprint allows for more hands-on management efficiency and tighter expense control compared to larger institutional assets. The property’s gated layout, recent exterior capital improvements, and stabilized occupancy reduce near-term operational burden while creating an opportunity to continue interior renovations during natural tenant turnover. Additionally, the centralized East Dallas location supports strong leasing velocity and minimizes prolonged vacancy exposure due to consistent renter demand from nearby downtown, Lower Greenville, and Henderson Avenue employment and entertainment corridors.
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