5106 Live Oak St Dallas, TX 75206
- Apartment buildings
- 20,314 SF
- 0.67 lot acres
Current Use by Public Records
- Foxhill Villa / Apartment Building
Property Details for 5106 Live Oak St
- Year built
- 1958
- Construction
- FRAME
- Lot size
- 0.67 lot acres
- Property size
- 20,314 SF
- Zone code
- Z164
- Property type
- Apartment buildings
- APN
- 119932000000
- APU
- 119932000000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7695
- Latitude
- 32.8045
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
