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  • SAN JACINTO APARTMENTS 3604 San Jacinto St., Dallas, TX 75204

    LOGAN WALLER 214.736.1502 logan@loganwaller.com

    WA L L E R G R O U P, L . L . C . 5115 McKinney Ave

    Dallas, TX 75205 214.736.1500

    https:wallergrouphomes.com

    Presented By:

    M U L T I F A M I L Y P R O P E R T Y F O R S A L E

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 2

    C O N F I D E N T I A L I T Y & D I S C L A I M E R

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

    CONFIDENTIALITY & DISCLAIMER All materials and information received or derived from Waller Group, L.L.C. its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Waller Group, L.L.C. its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Waller Group, L.L.C. will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing .EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE .Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Waller Group, L.L.C. makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Waller Group, L.L.C. does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Real estate contract law and agency representation questions should be directed to the broker of record in the applicable state of the subject property. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Waller Group, L.L.C. in compliance with all applicable fair housing and equal opportunity laws.

    Copyright © 2020 CREOP, LLC. All Rights Reserved.

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 3

    O F F E R I N G P R O C E D U R E S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 4

    $805,000

    9

    0.21 Acres

    1961

    5,600

    2018

    East Dallas

    $89,444

    OFFERING SUMMARY

    Sale Price:

    Number Of Units:

    Lot Size:

    Year Built:

    Building Size SF:

    Renovated:

    Submarket:

    Price/unit:

    Price / SF: $143.75

    PROPERTY OVERVIEW

    This property is comprised of 9 - 1 bedroom units. Units 102, 104 and 105 have been completely remodeled. All remaining units have interior renovations which include wood floors, new countertops, and resurfaced tubs in a few units. Proforma rents have been based on the effective rent of the unit with these improvements. Tenants pay all utilities while owner pay just main exterior lights. Property does not have central AC and has gas heat. Waller Group Property Management currently manages the property and can continue with new owner. Seller requires minimum $5,000 non-refundable earnest money upon contract and a qualified LOI for tours. Offers at $795,000 have been declined.

    LOCATION OVERVIEW

    With its hip, up-and-coming neighborhoods and proximity to employment centers, East Dallas is an alternative for millennials priced out of the Uptown/Park Cities Submarket. Development continues to push eastward in this submarket, leading to the gentrification of many historically depressed areas. Areas benefiting from this attention include neighborhoods like Old East Dallas and the Baylor Medical Center area just north of Deep Ellum, as well as already established neighborhoods like the M Streets, Greenland Hills, KnoxHenderson and Lower Greenville. East Dallas neighborhoods are frequently mentioned as gentrifying, but demographic trends show that only a few select neighborhoods are being spruced up. The submarket has a median annual household income of about $50,000 (compared with the metro average of more than $65,000), and incomes are rising but only along the North Central Expressway, near the Baylor Medical Center and in the wealthier Lakewood area. Due to this dynamic, developers are looking to draw renters from outside the submarket or even outside the metroplex to fill their pricier new properties.

    E X E C U T I V E S U M M A R Y

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 5

    COMMUNITY FEATURES

    • Hip up-and-coming neighborhood for millennial tenants

    • Ample surface parking for tenants.

    INTERIOR FEATURES

    • 1 bedroom units

    • Property updates include new floors and updated countertops

    VALUE-ADD OPPORTUNITIES

    • Some units have been renovated/upgraded with updated floors, countertops, and tub resurfacing. There is room for a value add by completing the remodel in remaining units. There is also a unit that could be split to add an additional studio or 1 bedroom unit and an addition to a laundry facility on site.

    F E A T U R E S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • SALE PRICE $805,000

    LOCATION INFORMATION

    Building Name San Jacinto Apartments

    Street Address 3604 San Jacinto St.

    City, State, Zip Dallas, TX 75204

    County/Township Dallas

    Market Dallas

    Submarket East Dallas

    BUILDING INFORMATION

    Building Size 5,600 SF Occupancy % 88.9 Number Of Floors 2 Year Built 1961 Last Renovated 2018 Load Factor Yes Exterior Walls Brick Foundation Piers

    PROPERTY DETAILS

    Property Type Multifamily

    Property Subtype Low-Rise/Garden

    Lot Size 0.21 Acres

    Submarket East Dallas

    PARKING & TRANSPORTATION

    Parking Description Surface parking lot

    UTILITIES & AMENITIES

    Central HVAC Window units

    TAX INFORMATION

    Taxes $15,089.39 Tax Value Land $321,550.00 Tax Value Improvements $230,450.00

    WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 6

    P R O P E R T Y D E T A I L S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 7

    A D D I T I O N A L P H O T O S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 8

    A D D I T I O N A L P H O T O S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 9

    A D D I T I O N A L P H O T O S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 10

    A D D I T I O N A L P H O T O S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 11

    A D D I T I O N A L P H O T O S

    3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments

  • WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 12