The 32-unit Shepherd Lane Apartments is a strong investment with some value-add potential in a growing submarket of Dallas. This property is currently operating at an NOI of $166,288 and is 90.6% occupied. Unit sizes are larger than average for the area, with 2-bedroom units featuring washer-dryer connections, private patios, and wood-burning fireplaces. Around $300,000 has been spent on capital improvements by the current owner since 2017. Exterior renovations include: Resurfaced parking lot, security gate installation, upstairs decking, and exterior painting. About 90% of the unit interiors have been renovated, which include: Faux wood plank flooring, new counter tops, two-tone paint, S-S appliances...
Open, Area Assigned, Assigned Spaces, Uncovered
Built-in Microwave, Dishwasher, Drop-In Range/Oven-Elec, Refrigerator, Vent Mechanism
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Listing information last updated on November 22nd, 2019 at 4:45am CST.