Multifamily
Saint Francis
708 N Marsalis Ave, Dallas, TX 75203
Listing Price: $1,699,000
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
Listing Price: $1,699,000
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.