2614 Jeffries St, Dallas, TX 75215

Originally built in 1963, this 16 unit market-rate property in Southeast Dallas is currently operating at an NOI of $93,185 at an 7.65% cap rate on actuals. This is a turnkey investment offering the opportunity to capitalize on recently renovated interior units with room to increase rents. The average effective rent is $1.29 per sf, while the average market rate is $1.41 per sf. Increasing rents to this rate will realize an additional $14,600 in annual rent revenue...MORE... For full financials, Offering or Tour Procedures, please view the OFFERING MEMORANDUM attached in the MLS Transaction Documents.