3706 West 8th Street, Dallas, TX 75211

Summary:

The Multifamily Group is pleased to present the exclusive offering of Costa Bella, a unique, value-add opportunity in Dallas, Texas. Originally constructed in 1961, the property consists of 161 units with an average unit size of 837 square feet. Costa Bella offers a diverse mix of one-, two-, and three-bedroom floor plans, with approximately 75% of the units (119 total) comprised of highly desirable two- and three-bedroom layouts. The property was recently foreclosed upon and is currently 37% occupied, presenting a compelling value-add opportunity for a new investor to execute a lease-up strategy. Costa Bella is being offered free and clear of existing debt.

Location:

Located in Southwest Dallas, Costa Bella Apartments benefits from excellent connectivity to major employment and retail corridors via Interstate-30 and Loop-12. The property offers convenient access to Downtown Dallas, which is less than 10-minutes away, providing residents with proximity to one of the nation’s strongest employment centers. Costa Bella is strategically positioned within the rapidly evolving Oak Cliff submarket, benefiting from continued retail and mixed-use investment throughout Southern Dallas. Residents enjoy convenient access to the Bishop Arts District and Trinity Groves, two of Dallas’ premier dining and entertainment destinations. Additionally, significant public and private investment is occurring throughout Southern Dallas, including the 270-acre University Hills development and the 90-acre Rivulet mixed-use project, which will collectively deliver millions of square feet of commercial space, new retail amenities, restaurants,

and employment opportunities.