Multi-Housing

Twelve6Ten at the Park

12610 Jupiter Road Dallas, TX United States 75238
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1985
Building Area
Occupancy 92.0 %

Property Description

Built in 1984, the Property presents an opportunity for potential investors to continue or expand on the in-place interior renovation program. Current ownership has implemented a premium renovation on 17 units (4%) including black appliances, granite countertops, new cabinet fronts with pulls, new lighting, faux wood flooring with soundproofing, and modern sinks. Prior ownership had partially upgraded 104 units (26%) including new cabinet fronts, 2 toned paint, vinyl flooring, modern lighting, resurfaced countertops, and brushed nickel hardware/faucets. Future ownership could continue or expand these additions to help bridge the $90 gap between the Property and the competitive set.

Investment Highlights

Holliday GP Corp. (“HFF”), a Texas licensed real estate broker, in conjunction with Wellington Realty have been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Twelve 6 Ten at the Park (the “Property”), a 402-unit value-add, Class “B” asset in northeast Dallas. Offered both free and clear or on an assumption basis, Twelve 6 Ten at the Park provides potential buyers the opportunity to continue or expand on the in-place interior renovation program on the remaining 70% classic units. The Property also benefits from a prime location just off Interstate-635 which is currently undergoing $130 million in enhancements aiming to improve connectivity in the area. This additional connectivity helps link Twelve 6 Ten to the numerous employment and entertainment destinations in the area including the Medical City Dallas Hospital, Telecom Corridor, North Park Center, Lake Highlands Town Center, and much more.
Rob Key
Rob Key
Managing Director, Capital Markets
License details
TX-509191
Jeremy Sain
Jeremy Sain
Managing Director, Capital Markets
License details
TX-630806

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