Living / Multi-housing
Under Contract
Call for offer: 13 days

Ivy Urban Living - 2023

4211 Cabell Dr, Dallas, TX, 75204-3664, US

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Ivy Urban Living - 2023_Property for Sale

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Ivy Urban Living - 2023 2_Property for Sale

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Ivy Urban Living (the “Property”), a 228 unit asset located in Dallas, TX. Ivy Urban Living is unique asset located in an infill location with a strong demographic base and an average household income of $137,020 within a three mile radius. Built in 1988 with nine-foot ceilings, the Property has a distinct unit mix as there are very few similar-sized two and three-bedroom floorplans, creating an attractive price point to other properties in the area. With a $335 discount to the competitive set, the Property provides investors the ability to increase rents through a full scale renovation program and through organic rent growth, as the Intown Dallas submarket has averaged at least 10% rent growth over the past two years. Ivy Urban Living sits on the doorstep of Dallas’ strongest economic drivers and flourishing entertainment districts while offering totally unique floorplans that are unmatched by its rent comparables. New ownership has the ability to capitalize on this strong market with an impactful renovation program to enhance NOI.

Attributes

Number of units
228 units
Occupancy
94.00%
Year built
1988
Building area Net
15,273 m²
Call for Offers
05/04/2023

Investment Highlights

COMMUNITY AMENITIES

  • Resort-Style Swimming Pool
  • 24-Hour Fitness Center
  • Private Business Center
  • Urban-Style Clubhouse
  • Reserved Covered Parking Available
  • Controlled Access/Gated
  • 24-Hour Access to Package Lockers
  • Dog Park
  • Grilling Station

APARTMENT AMENITIES

  • Quartz Countertops*
  • 9 Foot Ceilings
  • Stainless Steel Appliance Package*
  • Full-Size Washer/Dryer Connections*
  • Patio/Balcony
  • Ceiling Fan
  • Built-In Bookshelves*
  • Wood-Burning Fireplace*
  • Smart Apartment Homes Available*
  • USB Outlets

*in select units

Ivy Urban Living - 2023 4_Property for Sale
Ivy Urban Living - 2023 4_Property for Sale

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Last updated
6 Mar 2023