2202 Mail Ave Dallas, TX 75235
- Commercial real estate
- 6,135 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2202 Mail Ave
- Year built
- 2024
- Property size
- 6,135 SF
- Property type
- Commercial real estate
Description
This exceptional Class A apartment building, completed in 2024, presents a compelling investment opportunity in Dallas' thriving Medical District. The property, known as The Flats at Medical District, boasts nine units, each featuring modern amenities including stainless steel appliances, washer/dryer, refrigerator, wood floors, and abundant natural light. Many units offer private yards or balconies. Situated on an 8,250 square foot lot, the three-story building totals 6,135 square feet, with a price per square foot of $366.75. The property's strong performance is reflected in its pro-forma NOI of $117,962 and a 5.24% cap rate. The asking price is $2,250,000, or $250,000 per unit. Located at 2202 Mail Ave, Dallas, TX 75235, this property benefits from its prime location in a rapidly developing area, zoned MF2. The building's brand-new construction and high-quality finishes ensure strong rental demand and long-term value. This core+ investment offers a rare opportunity to acquire a high-performing asset in one of Dallas' most sought-after neighborhoods. Off-street parking is available for residents.
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
- -96.8549301
- Latitude
- 32.830707
