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5520 Gaston Ave Dallas, TX 75214

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For Sale
$3,500,000

Renovated 23-unit high-rise near Lakewood and White Rock Lake.

Property size:
14,545 SF

Property Features for 5520 Gaston Ave

General Information

Size
14,545 SF

Building Details

Year built
1959

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Listing Contact
Heather Konopka, CCIM, CRE
Source: Sperrycga

Listing Agent: Heather Konopka, CCIM, CRE

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Dallas Multifamily High-Rise Investment

Located in Dallas, this multifamily high-rise property offers an investment opportunity. The 14,545 square foot building, constructed in 1959, features 23 units and was renovated in 2018. The property has PD-99 zoning and a 90% occupancy rate. Situated near the Lakewood neighborhood and White Rock Lake, the Royal Palms property is also close to dining, cultural landmarks, and entertainment venues. Lower Greenville and Deep Ellum are easily accessible, as is the Dallas Arboretum and Botanical Garden. This location is attractive for multifamily high-rise investors.
Location Intelligence

Current Use by Public Records

Royal Palm Apartment Building

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dallas
County
Collin
State
Texas
Longitude
-96.7620199
Latitude
32.8056888

FAQs

What type of property is this?
Apartment building - Renovated 23-unit high-rise near Lakewood and White Rock Lake.
Where is this apartment building located?
The property is located at 5520 Gaston Ave Dallas, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - High 90% occupancy rate indicating strong rental demand.; - Prime Dallas location near Lakewood, White Rock Lake, Lower Greenville, and Deep Ellum.; - Recently renovated in 2018, providing modern amenities.
More about this property
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