Renovated 79-Unit Apartment
For Sale
Contact for pricing
4611 Samuell Blvd, Dallas, TX 75228
Renovated 79-unit, 2-bedroom apartment community across three buildings with recent roof, HVAC, and unit upgrades.
Days on Market56
Property Features for 4611 Samuell Blvd
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
94%
Additional Details
Cap Rate
7%
Highway Access
Yes
Multifamily Units
79
Building Details
Year Built
1964
Listing Agency:
Fort Worth Office
(817) 932-6135
Listed By:
Ford Braly · License #License(s): TX: 632146
(817) 932-6135
Source:
Marcusmillichap
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 30 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Worth Office
Investment Insights
Based on property information with market context.
46 Eleven is a 79-unit apartment community built in 1964, consisting of three buildings with brick veneer and stucco exteriors on concrete slab foundations. The property’s pitched composition roofs were replaced within the last five years. Heating and cooling are provided by a two-pipe chiller that was replaced in 2018, and electricity is master metered. Recent capital improvements include replacement of all interior electric panels, copper wiring, new windows and patio sliders, and installation of a new boiler. All 79 units have been renovated with updated finishes and amenities, including new cabinets, flooring, backsplash, black appliances, and new Formica countertops, with 100% of units offering 2-bedroom layouts.
The community is located in Dallas, Texas, about 10 minutes east of Downtown Dallas on Interstate 30. The setting is described as quiet while remaining near major employment centers, including the I-30 industrial corridor and the Dallas Medical District. The property is also positioned close to retail, grocery, and restaurants along I-30, with White Rock Lake nearby.
The offering is noted as part of Chapter 11 bankruptcy proceedings for distressed ownership; however, the property itself is described as not distressed. The remarks state the community is well occupied, with occupancy held over 94% for at least the past 60 days. Reported financial highlights include a going-in 7% cap rate and 13% cash-on-cash yields from day one, and the sale is described as free and clear of existing debt, with financing sizing for 80% fixed-rate agency debt. With recent roof, systems, and full unit renovations, a new owner can operate with reduced near-term capital demands while maintaining the property’s established tenancy.
The community is located in Dallas, Texas, about 10 minutes east of Downtown Dallas on Interstate 30. The setting is described as quiet while remaining near major employment centers, including the I-30 industrial corridor and the Dallas Medical District. The property is also positioned close to retail, grocery, and restaurants along I-30, with White Rock Lake nearby.
The offering is noted as part of Chapter 11 bankruptcy proceedings for distressed ownership; however, the property itself is described as not distressed. The remarks state the community is well occupied, with occupancy held over 94% for at least the past 60 days. Reported financial highlights include a going-in 7% cap rate and 13% cash-on-cash yields from day one, and the sale is described as free and clear of existing debt, with financing sizing for 80% fixed-rate agency debt. With recent roof, systems, and full unit renovations, a new owner can operate with reduced near-term capital demands while maintaining the property’s established tenancy.
Key Highlights
- 79‑unit apartment community in Dallas across 3 buildings; 100% of units are 2‑bedroom floorplans with average size of 824 SF
- Renovations include replaced pitched composition roof within the last 5 years; new windows and patio sliders; new boiler
- HVAC: two‑pipe chiller replaced in 2018; property is master metered for electricity
Property Analytics
Property Profile
Current Use
Lease Details
79
Residential units
94%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 75228, TX
68,219
Population
27,329
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
11.4 sq mi
ZIP Area
5,984
Density / Sq Mi
$59,617
Median Household Income
$36,862
Median Earnings
$1,196
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 79-unit, 2-bedroom apartment community across three buildings with recent roof, HVAC, and unit upgrades.
Where is this apartment building located?
The property is located at 4611 Samuell Blvd Dallas, TX.
What are key features of this property?
This property features: 79‑unit apartment community in Dallas across 3 buildings; 100% of units are 2‑bedroom floorplans with average size of 824 SF; Renovations include replaced pitched composition roof within the last 5 years; new windows and patio sliders; new boiler; HVAC: two‑pipe chiller replaced in 2018; property is master metered for electricity
