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The District

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Address: 425 N Rosemont Ave, Dallas, TX 75208, USA

Texas + Apartment Buildings

Created date: September 19, 2024

Date last updated: September 19, 2024

Over $100K per unit was spent on a complete renovation, including new electrical, plumbing, and HVAC systems, reducing maintenance costs and increasing tenant appeal.
Located in the prime Bishop Arts district, known for its vibrant mix of boutiques, restaurants, and entertainment venues.
Situated in the Davis Garden Tax Increment Financing (TIF) district, which attracts business and residential development, boosting the neighborhood's real estate market.
Strong rental market with median home prices around $602,500, making renting an attractive option for many residents.
Convenient access to downtown Dallas (3.5 miles away) and major employment centers; located in the revitalized Oak Cliff neighborhood with potential for continued appreciation.
The property is offered free and clear of existing debt.

Property Description

The District is a renovated 23-unit multifamily community located near the Bishop Arts District in the historic Oak Cliff neighborhood of Dallas, TX. Built in 1961 and situated on 0.71 acres, the property is comprised of one, two-story brick buildings with pitched composition shingle roofs. A variety of spacious one-, and two-bedroom floor plans are offered. Interior amenities include kitchens equipped with stainless steel appliances and wood plank flooring throughout. The common areas feature a courtyard with barbecue, dining and lounging areas. The grounds are attractively maintained and contain open green spaces accented by mature shade trees and shrubs.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	23
Year Built:	1961
Lot Size:	18,044.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here