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Multifamily

Saint Francis

708 N Marsalis Ave, Dallas, TX 75203

Listing Price: $1,699,000

Cap Rate
2.43%
Number of Units
20
GRM
10.11
Price/Unit
$84,950
Price/Gross SF
$169.90
Gross SF
10,000

Investment Overview

Saint Franics Apartments is a classic courtyard style property located on N Marsalis, in the rapidly gentrifying North Oak Cliff neighborhood of Dallas. Saint Franics is located just one block off Lake Cliff Park. Lake Cliff Park is a historic and picturesque urban park that features a lake, recreational amenities, and an outstanding view of the Dallas skyline. Saint Francis has been in the same family for over 25 years and offers a new buyer many avenues to add value both physically and operationally.

Saint Francis also lies within an Opportunity Zone. Giving new ownership the opportunity to invest a capital gain into a Qualified Opportunity Fund (QOF), that can defer the tax on that gain until the date a new buyer opts to dispose of the investment or anytime before December 31, 2026.

Investment Highlights

  • Excellent Location in Dallas - One Block from Lake Cliff Park with Outstanding Views of the Dallas Skyline
  • Value-Add Play - Owned by Same Family for Over 25 Years
  • Opportunity Zone - New Ownership can Invest a Capital Gain into a QOF and Defer Taxes on that Gain

Exclusively Listed By

Financing By

Multifamily

Saint Francis

Listing Price: $1,699,000

Cap Rate
2.43%
Number of Units
20
GRM
10.11
Price/Unit
$84,950
Price/Gross SF
$169.90
Gross SF
10,000

Investment Highlights

  • Excellent Location in Dallas - One Block from Lake Cliff Park with Outstanding Views of the Dallas Skyline
  • Value-Add Play - Owned by Same Family for Over 25 Years
  • Opportunity Zone - New Ownership can Invest a Capital Gain into a QOF and Defer Taxes on that Gain

Investment Overview

Saint Franics Apartments is a classic courtyard style property located on N Marsalis, in the rapidly gentrifying North Oak Cliff neighborhood of Dallas. Saint Franics is located just one block off Lake Cliff Park. Lake Cliff Park is a historic and picturesque urban park that features a lake, recreational amenities, and an outstanding view of the Dallas skyline. Saint Francis has been in the same family for over 25 years and offers a new buyer many avenues to add value both physically and operationally. Saint Francis also lies within an Opportunity Zone. Giving new ownership the opportunity to invest a capital gain into a Qualified Opportunity Fund (QOF), that can defer the tax on that gain until the date a new buyer opts to dispose of the investment or anytime before December 31, 2026.

Exclusively Listed By

Financing By

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