Eleven600_Property for Sale
Eleven600_Property for Sale
11600 Audelia Rd, Dallas, TX, 75243-4700, US

Eleven600

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 for Eleven600 (the “Property”), a 216-unit asset located in Dallas, Texas. The Property sits directly north of I-635 providing accessibility to numerous employment and entertainment destinations in the area including Medical City Dallas Hospital, Texas Instruments, Dallas College Richland Campus, and much more. Eleven600 provides potential buyers the opportunity to expand upon the in-place interior renovation program to further push rental rates, as the rental rates have increased by ~6% since May. Additionally, ownership has spent ~$4.7 million in capital expenditures, allowing new ownership the ability to focus on the interior value-add plan to generate significant NOI growth. The Property is also positioned within Richardson ISD and Lake Highlands High School, which is ranked in the top 10% as one of the best school districts in Texas.

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Attributes

Number of units
216 units
Occupancy
95.00%
Year built
1981
Building area Net
17,276 m²
NOI
THB 56,529,000

Media

Investment Highlights

COMMUNITY AMENITIES:

🞶 Clubhouse with Pool Table

🞶 Sparkling Swimming Pool with Sundeck

🞶 Courtyard and BBQ/Picnic Area

🞶 Soccer Sport Court and Playground

🞶 Fitness Center

🞶 Controlled Access/Gates


APARTMENT FEATURES:

🞶 Granite Countertops with Tile Backsplash*

🞶 Stainless or Black Appliances

🞶 Cabinetry with Brushed Nickel Hardware

🞶 Modern Lighting Package

🞶 Hardwood Style Flooring

🞶 Fireplace*

🞶 Washer/Dryer Connections (A2 and B1 Unit Types)


*in select units

Eleven600 4_Property for Sale
Eleven600 4_Property for Sale

Contact brokers

Eleven600 (0 Properties)

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Last updated
12 Sep 2023