4288 Bass Pro DrGarland, TX 75043

Property Details for 4288 Bass Pro Dr

Year built

1983

Property size (Sq ft)

23,990 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 28-unit apartment building in Garland, Texas presents a compelling investment opportunity. Boasting a total of 23,990 square feet across three 3-story buildings, this property, built in 1983 and extensively renovated in 2019, offers significant upside potential. Recent improvements include a new roof, exterior siding and paint, and updated kitchens featuring granite countertops and new cabinets. The complex comprises a mix of studio, one-bedroom, and two-bedroom units, with pro forma rents ranging from $1,100 to $1,610, reflecting strong market demand. Located less than two miles from Lake Ray Hubbard, residents enjoy proximity to waterfront activities, golf courses, parks, restaurants, shopping, and entertainment. Its convenient location, approximately 40 minutes from both DFW International Airport and Dallas Love Field, and 17 miles east of downtown Dallas near I-30 and the President George Bush Turnpike, further enhances its appeal. The property benefits from its proximity to the upcoming Sapphire Bay mixed-use development. Currently boasting over 95% occupancy, the property is priced at $3,300,000, representing a 6.20% cap rate. Further rent increases of approximately $245 per unit are projected after interior renovations, potentially stabilizing the cap rate at around 8.5%. The property is offered with 100% ownership of all units, eliminating HOA complexities. The APN is 26178300010031000.

Location Insight

City

Garland

County

Henderson

State

Texas

Latitude

32.8659

Longitude

-96.5443

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