Templecliff Apartments is a well-positioned multifamily asset located in Dallas, Texas, offering a value-add opportunity for investors seeking stable cash flow with upside potential. Built in the 1961 the property consists of 26 units with a strong occupancy history and the ability to increase rental income through strategic renovations and operational efficiencies.
Prime Location: Located within a 10-mile radius of key employment hubs, retail centers, and entertainment districts in Dallas.
Stable Cash Flow: Current occupancy is strong, generating consistent rental revenue with additional income streams from parking, laundry, and fees.
Value-Add Potential: Market rents in the area indicate potential for rental increases through unit upgrades and amenity enhancements.
Favorable Cap Rate: Priced competitively within the 6.5% to 7.0% cap rate range, providing a solid return on investment.
Expense Optimization: Opportunity to reduce operating costs through utility efficiency upgrades, contract renegotiations, and streamlined property management.
Value-Add Strategy
Implement gradual rent increases to align with market rates.
Upgrade unit interiors to include modern appliances, flooring, and fixtures.
Improve curb appeal and common areas to enhance tenant retention and desirability.
Reduce expenses through improved utility management and renegotiation of vendor contracts.
1234 Templecliff Dr Dallas, TX 75217
