Soho Apartments
Stabilized Property with Value Add Potential
Marketing description
Soho offers several unique physical attributes rarely found in comparable properties, including 9-foot ceiling heights, covered ground-level parking beneath the building through podium-style construction, and washer/dryer connections in every unit. These features enhance resident convenience and elevate the property's positioning within the competitive set.
Soho has demonstrated a long track record of steady income and durable occupancy, highlighting the property's ability to consistently attract and retain residents. This proven operating history provides investors with reliable in-place cash flow and a stable foundation for future growth.
The property is zoned to highly acclaimed Richardson Independent School District schools, a key driver of housing demand in the area. Access to a top-performing school district enhances the property's appeal to long-term residents and families, supporting occupancy stability and reduced turnover.
Investment highlights
- 9-Foot Ceilings, Podium Construction, and Covered Parking
- Stable Asset with Proven Occupancy History
- Potential to Generate More Than $22K in Annual Net Income from Bulk Cable & Internet Program
- Leverage Existing Infrastructure to Create Additional Income with Washer & Dryer Leasing Program
- Highly Desired Resident Amenity Creates New Ancillary Income Stream with Valet Trash Service
- Reduce Insurance Expense to Improve NOI - Immediate Expense Optimization Opportunity
- Strong School District Supports Long-Term Resident Retention - Located Within Highly Regarded Richardson ISD
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Zoning
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