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    5106 Live Oak St Dallas, TX 75206

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    For Sale
    Contact for pricing

    24-unit apartment building, 100% occupied

    Property size:
    29,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 24-unit apartment building, situated on a 0.67-acre lot in Dallas, Texas, presents a compelling investment opportunity. Built in 1958 and completely renovated, the property boasts 29,400 square feet with 12,836 square feet of net rentable space. The two-story building comprises a mix of studio, one-bedroom, and two-bedroom units, all equipped with in-unit washers and dryers. Currently operating at 100% occupancy, with 18 Section 8 tenants, the property benefits from a high-visibility location on Live Oak Street, experiencing approximately 12,000 vehicles per day. The property's strong performance is reflected in projected returns of 12.57% cash-on-cash by the end of year one, averaging 13.80% over five years. The owner has invested over $1,150,000 in capital expenditures. Located in the desirable Swiss Avenue historic district, the property is surrounded by a community with a median household income exceeding $78,000 within a two-mile radius. While water expenses are currently higher than average, opportunities exist to mitigate these costs through efficiency improvements. The property's address is 5106 Live Oak St, Dallas, TX 75206, and its APN is 119932000000. This turnkey property offers a rare combination of strong performance, desirable location, and significant upside potential.

    Property Features for 5106 Live Oak St

    General Information

    Property type
    Multifamily properties
    Square Feet
    29,400 SF
    Class
    B
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1958
    Buildings
    1
    Stories
    2
    Units
    24

    HighLights

    • Fully renovated 24‑unit apartment building, turnkey operation.
    • Over $1,150,000 in capital expenditures by the owner.
    • 100% occupancy.
    • In‑unit washers and dryers in all units.
    • Projected 12.57% cash‑on‑cash return year one, averaging 13.80% over five years.
    • Desirable location with over $78,000 median household income within a two‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foxhill Villa Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.76990197
    Latitude
    32.80473079

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    FAQs

    What type of property is this?
    Multifamily property - 24-unit apartment building, 100% occupied
    Where is this multifamily property located?
    The property is located at 5106 Live Oak St Dallas, TX.
    What are key features of this property?
    This property features: Fully renovated 24-unit apartment building, turnkey operation.; Over $1,150,000 in capital expenditures by the owner.; 100% occupancy.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5106 Live Oak St Dallas, TX 75206
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