Ivanhoe Apartments is a 197 unit B class deal located at 8876 Park Lane in the Vickery Meadows submarket of Dallas, Texas. It consistently maintains 95% plus occupancy and commands the best rents in this market. 
 
The property was fully renovated in 2007 including new wood and a full exterior paint, resurfaced parking lot, interior upgrades, and landscaping improvements.  Currently, the Seller is putting on a brand new roof (estimated cost $480K), finalizing the last of any known deferred maintenance.
 
The asking price is $8,295,000 with an 8.24% CAP rate and a 24.26% estimated IRR over 5 years.
 
You can view the marketing package, video, pictures, and actual numbers by clicking here.
  

MBP Capital and its broker focuses on Buyer Representation and has been involved in the successful closing of over 160 multifamily transactions in Texas.  

We are a full service Texas Multifamily Brokerage, Property Management & Investment Company.  We specialize in Buyer Representation and would love the opportunity to work with you.

 

Sincerely,

 

The MBP Capital Brokerage Team