435 W 9th Street

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435 W 9th Street

Dallas, TX 75208
Asking Price
$2.75M
Cap Rate
6.3%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Fully stabilized 16-unit Bishop Arts portfolio | $189,626 NOI | 1031 eligible | OM available <p>15 of 16 units leased on 12–24 month terms — zero month-to-month exposure. </p><p>Stabilized NOI of $189,626 at a 6.9% cap rate on the $2,750,000 ask. </p><p>HOA fees are internal to a whole-portfolio buyer with no net outgoing expense. </p><p>One unit available at $1,300/month — immediate upside at closing. </p><p>Individually metered utilities eliminate owner exposure to tenant utility costs. </p><p>Tankless water heaters throughout. </p><p>Full renovation complete — granite countertops, mo

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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995

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