5921 Gaston Ave Dallas, TX 75214

This exceptional 12-unit apartment building, located at 5921 Gaston Ave in Dallas, Texas, presents a compelling value-add investment opportunity. Built in 1957 and extensively renovated in 2023, the property boasts 8,880 square feet on a 14,628 square foot lot, zoned MF2. The two-story building currently enjoys 100% occupancy, generating a pro-forma NOI of $119,358 and a 5.00% pro-forma cap rate at an asking price of $2,390,000 ($269.14/sq ft). Eight of the twelve spacious units have already undergone a complete renovation, featuring modern upgrades such as quartz countertops, stainless steel appliances, updated bathrooms, fresh paint, and updated lighting. The remaining four units offer a significant value-add opportunity to increase profitability by bringing them in line with the market value of the renovated units. The property includes convenient amenities such as central heat and air and covered parking. All utilities are master metered. Its prime location offers easy access to Downtown Dallas, Lakewood Country Club, Lakewood Plaza, and Lower Greenville, ensuring strong rental demand. This property is an excellent investment for those seeking immediate income and significant upside potential.