811 N. MARSALIS AVE DALLAS, TEXAS OFFERING MEMORANDUM 811 N. MARSALIS AVE 811 N. LISTED BY DANNY MCQUAID DAVID HARRINGTON Associate - Multifamily EVP & National Director - Multifamily Direct +1 214 932 1284 Direct +1 310 295 1170 Mobile +1 903 237 8901 Mobile +1 310 497 5590
[email protected] [email protected] License No. 673000 (TX) License No. 01320460 (CA) OPPORTUNITY Matthews Real Estate is pleased to present 811 N Marsalis Ave, a 4-Unit value add multifamily asset located in Dallas, TX. Ideally located in between Downtown Dallas and Bishop Arts, 811 N Marsalis is situated in Lake Cliff, an area undergoing rapid growth and gentrification. New ownership has an outstanding opportunity to make improvements to a stabilized asset, and to raise the effective rental rates on all four units. PROPERTY INFO PROPERTY MAP PROPERTY ADDRESS 811 N Marsalis Ave, Dallas, TX 75203 PURCHASE PRICE $348,888.00 CAP RATE 6.15% Subject # OF UNITS Property 4 BUILDING SIZE 3,655 LOT SIZE 7,000 SF YEAR BUILT 1931 RENTAL UPSIDE 30% BISHOP ARTS DISTRICT The Bishop Arts District is located in the heart of North Oak Cliff, near the intersection of Bishop Street and Davis Street. The Bishop Arts District is home to over 60 independent boutiques, restaurants, bars, DEMOGRAPHICS coffee shops, and art galleries, making it one of Dallas’ most unique neighborhoods. The Bishop Arts District is a neighborhood rich in history and was the site of Dallas’ busiest trolly stop in the POPULATION 1-MILE 3-MILE 5-MILE 1930s. Since the area’s revitalization, the Bishop Arts District has been featured in the New York Times, USA Today and The Daily Beast for its small-town feel, hidden-gem appeal, and close-knit community.