Status   SOLD  
40 Unit Class C Apartments for sale Dallas, Texas
6041 Ridgecrest Road, Dallas, TX, 75231-9573
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List Date5/11/2015
TypeMulti-family (20+ units)
School DistrictDallas I.S.D.
AreaDallas Northeast (18)
Square Footage22132
Lot Size40467.24
Description: Very good return on this 40 unit Class "C" Apartment complex. Turn-key staff in place and available to stay after sale or depart with sale. Roof replaced less than 3 years previous. Individual metered electric to each unit. Current cap rate of 6.37% with initiatives underway to raise cap rate to 8%+ by end of 2015.
Interior Features Air Conditioned: Other A/C, Levels: 2, Heating: Hot water, Flooring: Mixed
Exterior Features Roof: Asph/shingle, Construction: Brick & Frame, Water: City, Sewer: City, Other Exterior Features: Brick
Additional Features and Amenities Other: Accessibility: Hand Rails, Ann Exp Include: Accounting/Legal, Ann Exp Include: Common Area, Ann Exp Include: Gas, Ann Exp Include: Insurance, Ann Exp Include: Lawn Care, Ann Exp Include: License/Permits, Ann Exp Include: Maintenance, Ann Exp Include: Management, Ann Exp Include: Payroll, Ann Exp Include: Supplies, Ann Exp Include: Taxes, Ann Exp Include: Water/Sewer/Trash, Community Feat: Laundry, Construction: Brick, Elem Schl: Jack Lowe Sr, Exter: Covered Porch(Es), Floor: Carpet, Foundatn: Slab, Frame/Brick Trim, Grs Ann Exp: 108000, Grs Ann inc: 216324, Heat: Panel/Floor/Wall, High Schl: Conrad, Intr: Window Coverings, Laminate, Lighting System, Lot Cmnty: Interior Lot, Middl Schl: Sam Tasby, Net Ann Inc: 108324, No. Of Bldgs: 1, No. Of Parking Spcs: 60, Occupancy Rate: 90, Parking Ftrs: Area Assigned, Parking Ftrs: Common Lot, Roof: Composition, Satellite Dish, Schl Dist: Dallas Isd, Security Ftrs: Exterior Security Light(s), Siding, Smoke Detector, Some Trees, Sqft Bldg: 2