Bishop Arts Portfolio

8th Street, 9th Street and Lancaster Ave , Dallas, TX
Property Details: 104 units, over 65,000 square feet
  • Purchase in Winter 2017
  • Within a few blocks of Bishop Ave and the new Whole Foods development
  • Buildings currently 95% occupied. Renovation will be planned in 2018/2019.
  • Pro-Forma Rental income will be increased from $693,000 annually to $1,840,000.
  • Once fully leased post rehab, building will be operating at a 9.20% CAP based on original purchase price and rehab budget in place