$35.5M Dallas Multifamily Gem: 309 Units with High ROI Potential!
🌟 Iron Landings Apartments 🌟
📍 Dallas, TX 75228
🏢 Units: 309 | 💵 Asking Price: $35.5M + 3% Fee | 🏗️ Year Built: 1985
📣 Unleash the Full Potential of Iron Landings Apartments!
Iron Landings Apartments is your gateway to a prime multifamily investment opportunity in the thriving Dallas market. With 309 units, attractive financing options, and significant value-add potential, this property is ready to deliver exceptional returns.
🚀 Why Invest in Iron Landings Apartments?
💡 Investment Highlights
Proven Interior Upgrade Program: Achieve $75-$150/month rent premiums.
Lease Washer & Dryer Sets: Generate a new revenue stream of $120,000/year.
Add Reserved Parking:
Uncovered spaces: $60,000/year additional income.
Covered spaces: $45,000/year added revenue.
Expand First-Floor Patios: Enjoy 50% annual ROI with minimal capital outlay.
🌟 Iron Landings Amenities
Your Apartment:
🏠 9-foot ceilings, walk-in closets, and private patios*
🔥 Wood-burning fireplaces for cozy living
🍳 Modern all-electric kitchens with efficient appliances
Your Community:
🏖️ Resort-style swimming pool with a sundeck
🏋️ State-of-the-art fitness center
🛝 On-site playground and BBQ areas
🚗 Reserved and covered parking options
🖥️ Resident clubhouse and business center
📊 Financial Analysis: Maximize Returns
Current Valuation:
Net Operating Income (NOI): $2,800,000
Market Cap Rate: 5.76%
Current Estimated Value: $48.6 million
Current Cap Rate: 7.89% Iron Landings Apartments, the capitalization rate (cap rate) can be calculated using the formula: Cap Rate = Net Operating Income (NOI) divided by Property Value equals Cap Rate Property Value Net Operating Income (NOI)Given: NOI: $2,800,000 Asking Price (Property Value): $35,500,000 Applying the values: Cap Rate=$2,800,000 divided by $35,500,000≈0.0789 or 7.89% Therefore, the cap rate for Iron Landings Apartments, based on the provided financials, is approximately 7.89%. For context, Class C apartment buildings in the Dallas-Fort Worth area had cap rates averaging 5.76% in the second quarter of 2024. This indicates that Iron Landings Apartments offers a higher cap rate compared to the local market average for similar properties, suggesting a potentially more attractive return on investment.
Post-Upgrade Valuation:
Projected NOI (Post-Upgrades): $3,500,000 - $4,000,000
Post-Upgrades NOI: $3,500,000-$4,000,000/year
Projected Cap Rate (Post-Value Add): ~10%
$3,500,000 / $35.5M = 9.9%
Adjusted Cap Rate: 9.9%
Post-Renovation Value Range: $63.6M - $72.7M
🌆 Prime Dallas Location: Charm Meets Convenience
Nestled in the vibrant Dallas market, Iron Landings Apartments connects residents to the best the city has to offer:
🌳 Near the Dallas Arboretum and scenic parks
🍽️ Close to restaurants like Ernesto's Mexican Restaurant and Del Mar Seafood
🛍️ Shopping at Meadow Glen Center and Broadway Square
🎡 Minutes from Downtown Dallas and iconic attractions like the State Fair of Texas
💹 Key Investor Returns
Annual Cash Flow (Post-Upgrades): $1,725,000/year
IRR: 15%-20% over a 5-7 year hold period
Exit Strategy: Refinance or sell at ARV of $44M-$47M
🛠️ Next Steps
1️⃣ Submit POF and LOI for access to financials.
2️⃣ Schedule a property tour to experience the potential.
3️⃣ Partner with us to unlock exceptional ROI.
📞 Contact Us Today!
📧 Email: [email protected]
📱 Phone: 4699493363
Iron Landings Apartments isn’t just a property—it’s your ticket to premium multifamily investment success. Act now and let the journey to unparalleled returns begin! 💼💸
