4014 Hall St Dallas, TX 75219
- Commercial real estate
- 10,567 SF
Current Use by Public Records
- Hall Street Villas / Apartment Building
Property Details for 4014 Hall St
- Year built
- 1956
- Property size
- 10,567 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 17-unit apartment building located in Dallas, Texas, at 4014-4018 N Hall St, zip code 75219. The property, encompassing 10,567 square feet across two, two-story buildings, sits on a substantial 19,000 square foot lot. Built in 1956 and renovated in the 2000s, the property offers significant value-add potential. Currently boasting a 94% occupancy rate, the 17 units are configured as one-bedroom, one-bathroom apartments, each featuring central heating and air conditioning, in-unit washer/dryer hookups, and covered parking. The property benefits from separate electric meters and master gas and water metering. Its prime location offers convenient access to local shops, bars, and restaurants. The asking price is $3,250,000, translating to $191,176 per unit and $307.56 per square foot. The pro-forma NOI is $161,757, representing a 5.00% pro-forma cap rate. The land value alone is estimated at $171 per square foot, presenting a compelling covered land play opportunity. The property is zoned MF2. This multifamily asset offers a strong combination of immediate income generation and substantial upside potential through further renovations and rent increases.
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
- -96.8102091
- Latitude
- 32.8126028
