7610 Skillman St

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7610 Skillman St

dallas, TX 75231
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

7610 Skillman St is situated in the Lake Highlands neighborhood of Northeast Dallas. The property is positioned along a high-traffic commercial corridor characterized by a mix of established residential communities and retail centers. Residents have immediate access to neighborhood amenities, including the Lake Highlands Town Center and various grocery anchors. The location serves as a central hub with proximity to I-635 and US-75, providing direct transit routes to the Platinum Corridor and Downtown Dallas. Public transportation is accessible via nearby DART bus stops and the Forest Lane station. The asset is suitable for value-add renovation or long-term hold strategies within the Class B or C multifamily segments. Typical tenants include local service-sector workers, young professionals, and small families seeking proximity to the Richardson and Dallas employment centers. The location's placement within the Richardson Independent School District often attracts renter households prioritizing educational access. Its competitive positioning caters to a workforce demographic looking for functional housing with efficient commutes to major regional healthcare and technology hubs.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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