Gaston Commons

• Owner Infused ~$450,000+ in Capital Expenditures
• Proven Rent Bumps Up to $400 on Renovated Units
• Average Rents are $300 Under Market Comparables ($0.79 PSF)
• Majority 2 BD Units
• $76,000+ Median HH-Income in a 2-Mile Radius (CoStar)
• High Visibility On Gaston Ave (~15,000+ VPD)

Property Description

The Multifamily Group is pleased to present the exclusive offering of Gaston Commons in Dallas, Texas. Constructed in 1960, the property has 38 units. Gaston Commons has studio to two-bedroom floorplans, with 84% being 2BD. Currently, the occupancy is 89% with 16 section 8 tenants. 33 of the 38 units have been renovated. Gaston Commons is located in the Peak’s Suburban historic district. See pages 11-12 of the OM for a quote from Save Water Co. for a water conservation program option. Pages 27-28 of the OM have a debt quote from CBRE.