For Sale
$1,450,000

4425 Swiss AveDallas, TX 75204

Historic Dallas Apartment Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This 10-unit apartment building, Crest Manor, presents a unique value-add investment opportunity in Dallas, Texas. Located at 4425 Swiss Ave, in the desirable Old East Dallas neighborhood, this historically significant two-story building, constructed in 1916, sits on a 0.29-acre lot and boasts 9,750 square feet. The property offers a compelling blend of history and potential, with each of the 10 units commanding a price of $145,000, totaling an asking price of $1,450,000 ($148.72 per square foot). The building's prime location within walking distance of numerous amenities, including hiking and biking trails, and major grocery stores, is a key advantage. The current tenant demographic, with a median age of 35.1, comprises a mix of young professionals and adults. This presents a chance to enhance tenant quality and rental income through strategic upgrades. The property's potential extends beyond simple renovations

Highlights

  • Established East Dallas owner-operator with a history of successful value-add renovations since the mid-1990s.
  • Rare investment opportunity in a tightly held, desirable East Dallas community with a strong social fabric.
  • Significant upside potential: increase rental income by attracting higher-quality tenants; current median tenant age is 35.1.
  • Highly walkable location with abundant outdoor recreation and convenient access to major retailers and restaurants.

Property Details for 4425 Swiss Ave

Property type
Apartment buildings
Square Feet
9,750 SF
Class
C
Year Built
1916
Buildings
1
Stories
2
Lot Size (sq. ft)
12,632 SF
Units
10

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.7979755
Longitude
-96.7752425
4425 Swiss Ave, Dallas, Texas

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4425 Swiss Ave
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