3155 Park Lane Dallas, TX 75220

Building Details

Year Built

1967

Listing agency Colliers - Dallas, Texas

Listed by Todd Franks · License #TX 479935

Source Crexi

Added: May 15 Updated: Jul 10 at 1:34PM Checked: Jul 19 at 8:47AM

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Investment Insights

Based on property information with market context.

Casa San Luis is a 63-unit multifamily community located in north Dallas. The property features a family-oriented unit mix, with approximately 66% of units comprised of large two- and three-bedroom floor plans, including 14 townhome-style three-bedroom units. The property offers immediate cash flow and a value-add opportunity through lease turnover. With in-place rents below market, Casa San Luis offers rent growth upside.

Key Highlights

• Assumable Freddie Mac loan at a below‑market fixed rate provides an attractive cost‑of‑capital advantage.
• Significant rent growth upside due to below‑market in‑place rents.
• Strong occupancy indicates high demand and stable income.

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FAQs

What type of property is this?

Apartment building - 63-unit multifamily community with rent growth potential in north Dallas.

Where is this apartment building located?

The property is located at 3155 Park Lane Dallas, TX.

What are key features of this property?

This property features: Assumable Freddie Mac loan at a below‑market fixed rate provides an attractive cost‑of‑capital advantage.; Significant rent growth upside due to below‑market in‑place rents.; Strong occupancy indicates high demand and stable income.