2004 Lucille StDallas, TX 75204

Property Details for 2004 Lucille St

Year built

2024

Property size (Sq ft)

5,220 SF

Property type

Apartment buildings

Description

This exceptional 6-unit apartment building, The Bricks at Lucille, represents a compelling core investment opportunity in Dallas, Texas. Completed in 2024, this Class A property boasts 5,220 square feet across three stories and sits on a 6,272 square foot lot zoned MF2. The building features six spacious one-bedroom apartments, each equipped with modern stainless steel appliances and in-unit washer/dryers. Natural light floods the units, complemented by attractive wood floors. Residents enjoy off-street parking, with first-floor units offering private patios and third-floor units providing balconies showcasing stunning downtown views. The property's prime location in the vibrant City Place neighborhood provides unparalleled access to a diverse range of dining, shopping, and entertainment venues. The strong pro-forma NOI of $101,378 translates to an attractive 5.00% cap rate, making this a highly desirable investment. This boutique apartment building offers a blend of modern amenities, desirable location, and strong financial performance, presenting a rare opportunity in the Dallas multifamily market.

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8016

Longitude

-96.787

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