Solaire

Dallas, TX

DEAL ROOM

Overview

Summary

Address 4753 Duncanville Rd, Dallas, TX 75236
# Units 112
Rentable SF 100,032 SF
Year Built 1989

Solaire Apartments is a fully affordable, 112-unit multifamily community located in the Oak Cliff submarket of Dallas in Dallas County, TX. The property was built in 1989 and is comprised of 9 two-story buildings with a combination of stucco and brick siding and pitched composition shingle roofs. Solaire Apartments offers a variety of spacious one-, two-, and three-bedroom floor plans featuring fully equipped kitchens, individual air conditioning, vinyl plank flooring, and washer and dryer connections. Common area amenities include a swimming pool, clubhouse, and a management office. The professionally maintained grounds span 5.32 acres and features open green spaces and a variety of mature trees and shrubs.

Key Facts

The Asset: Solaire Apartments is a well-maintained 112-unit asset built in 1989 with over $1M in capital improvements.

Amenities and Grounds: The community spans 5.32 acres, with a swimming pool, clubhouse, reserved parking spaces, and well-maintained green spaces.

Investment Opportunities: Potential for rent increases through interior upgrades, washer/dryer installations, reserved parking, and water-saving devices.

Financial and LURA Details: The property has 112 income-restricted units under a Land Use Restriction Agreement (LURA) until 09/2032, with attractive financing options and a strong cap rate (6 cap tax adjusted).