Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Bachman Place, a 30-unit apartment community located in Dallas, Texas. The property presents a compelling value-add opportunity through occupancy growth, operational improvements, and completion of the remaining interior renovation program. Currently approximately 76 percent occupied, Bachman Place trails the roughly 92 percent occupancy achieved by nearby competing communities, creating meaningful upside through improved leasing and management. Ownership has invested approximately $496,000 in capital improvements, including extensive interior renovations, electrical breaker box replacements, exterior paint, and parking lot improvements, substantially reducing near-term capital needs. New ownership can continue upgrading the remaining 15 classic units, with projected rent premiums of $100 to $125 per month, while further increasing NOI through expense optimization. Ideally positioned near the Dallas Medical District, Dallas Love Field, Southwest Airlines Headquarters, and downtown Dallas, Bachman Place benefits from exceptional employment drivers and regional connectivity throughout the Metroplex.