Recent Apartment Sales In Dallas

Real Estate remarks a measurable change in the market conditions prevailing in Dallas

. 66 market multifamily properties were sold in the month of April. This represents a decrease of 29.8% when compared to April 2011, when 94 properties had been sold. In terms of units, Dallas County has shown a decrease of 49% in the number of units sold (1,525 units) compared to April 2011. In terms of square-feet, overall total sales have increased by 472,000 square feet to close at 3,560,211 square-feet in April 2012. This represents an increase of 15.30% over April 2011. Some of the recent sales include:

In April 2012, Waldorf Family Limited Partnership has purchased Sierra Springs, a 108-unit, Class C apartment community located at 2710 West Walnut Street, in the Garland/Rowlett submarket, from Wells Fargo Bank NA. The garden style property is situated on 3.92 acres. The almost 47-year-old property is 64% occupied. The community features one-, two-, and three-bedroom units, ranging in size from 558 to 940 square feet and rental rates ranging from $0.85 to $1.05 per square foot. Property amenities include playground Sauna, swimming pools, laundry, and BBQ Grills/Picnic and a Cinema Room. Unit amenities include Frost free, pantry, patio/balcony, mini blinds, and disposal and walk-in closets. Pets are allowed at the community, with a breed limit of one and a fee and deposit of $200.

Another significant sale noted from that month is the sale of Waldemar. NSpire Woods Partners LLC, an entity of NSpire Management LLC, has purchased Waldemar, a 88-unit, Class B apartment community located at 4812 Waldemar Street in the Richland Hills/Haltom City submarket, from AmeriSouth XVII Ltd, an entity of AmeriSouth Realty Group. The 23-year-old property is 93% occupied. The garden-style, affordable property is situated on 3.36 acres. The community features one-, two- and three-bedroom units ranging in size from 661-1,052 square feet. The rental rates range from $0.71 to $0.91 per square foot. Property amenities include reserved parking, social activities, laundry rooms, School Bus pick-up and a playground. Unit amenities include pantry, mini-blinds, dishwasher, frost free and patio/balcony. Pets are allowed at the community, with a breed limit of two and a combined weight limit of 30lbs with pet fee of $250. Parking garage is not available for this property.

Quality real estate market data provides decision makers the information to make informed decisions. OConnor & Associates has been providing market data since 1988. Timely, accurate real estate data also provides the information our real estate appraisers, consultants, and property tax consultants need. Our ability to research, analyze and interpret market trends is a major reason for why developers and acquisition experts rely on OConnor & Associates for market studies, feasibility studies, rent studies, tax credit studies, project design guidance, property performance valuation and lease audits. OConnor & Associates is an acknowledged source of trends in real estate investing and market activity. Lenders, appraisers, developers, investors, tenants and real estate brokers are just some of the real estate professionals who regularly need real estate market data. They seek timely raw data and summary statistics regarding the market and submarkets. OConnor & Associates has been providing this information since 1988.

by: Pat Oconnor

POST COMMENT

Optimize Sales Results With Lead Generation Strategies 00m-235 Ibm Tivoli Security Sales Mastery Test V4 For Professionals In Selling Department Of Top Cla Neuro-linguistic Programming For Increased Sales Combat The Dangers Of Gray Market Sales 000-153 System X Sales Specialist V6 Exam For Selling Professionals 000-m248 Ibm Cognos Midmarket Foundational Sales Mastery Test V1 For Certification As A Professional Sales Training Programs For Consistent Results Sales Management Team Building Exercises Sales Strategy For Student Painters Street Sales Strategy For Beginners Strategic Short Sales- A Great Alternative In Real Estate Sales Force Melbourne Using Open Ended Sales Questions To Increase Sales