Multifamily
Soho
7610 Skillman St, Dallas, TX 75231
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Soho, a 64-unit multifamily community built in 1986 in Dallas, Texas. The property features distinctive physical attributes including 9-foot ceilings, podium-style construction with covered ground-level parking, and washer/dryer connections in every unit. Soho has demonstrated a long track record of steady income and durable resident demand, supporting reliable in-place cash flow. New ownership can unlock upside through a bulk cable and internet agreement projecting more than $22,000 in annual net revenue, a washer/dryer leasing program adding roughly $9,600 in additional income, and immediate insurance expense optimization. The asset is zoned to highly regarded Richardson ISD and sits minutes from the $300+ million Lake Highlands Town Center redevelopment, with Texas Instruments' global headquarters and 9,000+ employees three miles north. Direct access to the High Five Interchange connecting U.S. 75 and I-635 supports commuting throughout the Metroplex. For more information, contact Bard Hoover at (972) 755-5216.
Soho
Investment Highlights
- Premier Lake Highlands Location Blocks from Lake Highlands High School and surrounded by million-dollar homes with $112K+ median household income
- Immediate Insurance Expense Reduction through Upcoming insurance renewal provides significant cost reduction and increase to the NOI
- Distinctive Features and Competitive Advantage with 9-foot ceilings, condo-style covered parking, and washer/dryer connections in every unit
- Stable Asset with Proven Occupancy, Consistent performance and strong demand provide reliable in-place cash flow
- Bulk Cable & Internet Income Opportunity, Implementing a technology package could generate more than $22K in annual net revenue
- Washer & Dryer Leasing Upside, Existing W/D connections in every unit support additional income with minimal capital investment
Listing Price: Request For Offer
Investment Highlights
- Premier Lake Highlands Location Blocks from Lake Highlands High School and surrounded by million-dollar homes with $112K+ median household income
- Immediate Insurance Expense Reduction through Upcoming insurance renewal provides significant cost reduction and increase to the NOI
- Distinctive Features and Competitive Advantage with 9-foot ceilings, condo-style covered parking, and washer/dryer connections in every unit
- Stable Asset with Proven Occupancy, Consistent performance and strong demand provide reliable in-place cash flow
- Bulk Cable & Internet Income Opportunity, Implementing a technology package could generate more than $22K in annual net revenue
- Washer & Dryer Leasing Upside, Existing W/D connections in every unit support additional income with minimal capital investment
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Soho, a 64-unit multifamily community built in 1986 in Dallas, Texas. The property features distinctive physical attributes including 9-foot ceilings, podium-style construction with covered ground-level parking, and washer/dryer connections in every unit. Soho has demonstrated a long track record of steady income and durable resident demand, supporting reliable in-place cash flow. New ownership can unlock upside through a bulk cable and internet agreement projecting more than $22,000 in annual net revenue, a washer/dryer leasing program adding roughly $9,600 in additional income, and immediate insurance expense optimization. The asset is zoned to highly regarded Richardson ISD and sits minutes from the $300+ million Lake Highlands Town Center redevelopment, with Texas Instruments' global headquarters and 9,000+ employees three miles north. Direct access to the High Five Interchange connecting U.S. 75 and I-635 supports commuting throughout the Metroplex. For more information, contact Bard Hoover at (972) 755-5216.
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