4288 Bass Pro Dr Garland, TX 75043
- Commercial real estate
- 23,990 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4288 Bass Pro Dr
- Year built
- 1983
- Property size
- 23,990 SF
- Property type
- Commercial real estate
- APN
- 26178300010031000
Description
This exceptional 28-unit apartment building in Garland, Texas presents a compelling investment opportunity. Boasting a total of 23,990 square feet across three 3-story buildings, this property, built in 1983 and extensively renovated in 2019, offers significant upside potential. Recent improvements include a new roof, exterior siding and paint, and updated kitchens featuring granite countertops and new cabinets. The complex comprises a mix of studio, one-bedroom, and two-bedroom units, with pro forma rents ranging from $1,100 to $1,610, reflecting strong market demand. Located less than two miles from Lake Ray Hubbard, residents enjoy proximity to waterfront activities, golf courses, parks, restaurants, shopping, and entertainment. Its convenient location, approximately 40 minutes from both DFW International Airport and Dallas Love Field, and 17 miles east of downtown Dallas near I-30 and the President George Bush Turnpike, further enhances its appeal. The property benefits from its proximity to the upcoming Sapphire Bay mixed-use development. Currently boasting over 95% occupancy, the property is priced at $3,300,000, representing a 6.20% cap rate. Further rent increases of approximately $245 per unit are projected after interior renovations, potentially stabilizing the cap rate at around 8.5%. The property is offered with 100% ownership of all units, eliminating HOA complexities. The APN is 26178300010031000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garland
- County
- Dallas
- State
- Texas
- Longitude
- -96.5442506
- Latitude
- 32.8658618
