Paul Yazbeck lists Class A Leased Townhome Portfolio
- pyazbeck
- Nov 21, 2015
- 2 min read
To further discuss this opportunity, please contact Paul Yazbeck at paul.yazbeck@svn.com or #972-916-9045
Key highlights about the property:
Multiple exit strategies for investment to either hold as a leased portfolio while increasing rents to market or to sell individual townhomes to homeowners
Average sales price of $319,000 with average days on market at only 3 days
Great opportunity for homeowner/investor to live in unit and self-manage the other units, saving over $20,000 in property management fees
The Oram 5-Plexes offers an opportunity to own a fully leased, cash-flowing Class-A portfolio in one of the hottest areas of Dallas. 6133 Oram is comprised of 4 attached units (#1-#4), while the fifth unit (#5) is detached and located at the rear of the property. Located across the street are 6136 and 6140 Oram which share a driveway and have a total of 5 units per building. The exterior of the buildings feature an attractive combination of stone, masonry, stucco, and wood siding, while the interiors boast custom finish outs with modern amenity packages. The units are individually metered for electricity with individual HVAC units and water heaters. Residents are responsible for their own electric bill, and are billed back each month for their portion of the property’s water bill.
The 5-Plexes are located approximately 3-miles northeast of downtown Dallas in the desirable East Dallas/Lakewood submarket. The location provides convenient access to all of Dallas which tied with San Francisco for the top housing market in the nation (August 2015) with an 11% increase in median home prices and an increase in total sales by 5% since 2014. The closest intersection to the assets is Skillman Street and Oram Street which sees an average daily traffic count of approximately 13,000 cars. The area is very high density with a number of major retailers and restaurants located within 1-mile of the 5-Plexes including: Whole Foods, Trader Joe’s, Sprouts Farmers Market, Starbucks, and the multitude of entertainment and restaurant options just blocks away on Lower Greenville. Walkscore.com gives the area a walk score of 75, meaning that it is "very walkable." White Rock Lake is only 2-miles away and features a 9.33 mile hike and bike trail. East Dallas/Lakewood is an ideal location for young professionals seeking an active, urban lifestyle outside of downtown.
To access our entire catalog of active listings, closings & escrows, please visit us at: http://svnnorthtexas.com/
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