Sitting on 20,000 of land, 4919 Belmont is a 24 unit multi family building located at the very hot submarket in Knox Henderson Dallas, TX. Walking distance to all the shops and restaurants Henderson Ave has to offer, the property features 24 spacious units that were constructed in 1985. Building amenities include outdoor balconies, on-site parking, a resort like pool with tables and chairs, on site maintenance, and gated access.
Value Add Play – The units are under market rents for the area and implementing a light value add strategy would increase rents $100-$250 a month per unit. This area has seen an influx of new Class A development where rents are double of Class B. Therefore, Class B/C options have a pricing advantage and affordability advantage.
