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K2 Omni Group
5656 Live Oak St, Dallas, TX 75206
- $5,000,000
- 43
- BD
- 43
- BA
- List Price
- $5,000,000
- MLS#
- 21434949
- Status
- ACTIVE
- Type
- Condo
- Subtype
- ResidentialIncome
- Year Built
- 1968
- Construction Status
- Preowned
- Bedrooms
- 43
- Full Baths
- 43
- Acres
- 1.31
- County
- Dallas
- City
- Dallas
- Subdivision
- Munger Place
- Building Name
- Glendale Oaks
Property Description
Glendale Oaks is a 40-unit brick garden-style multifamily community, plus one storage studio, on 1.31 acres at 5656 Live Oak Street in East Dallas. Built in 1968 and renovated in 2015, with select units further updated in 2025, the property is minutes from Downtown Dallas, Deep Ellum, and Baylor University Medical Center, with convenient access to US-75 and I-30. The community offers 37 one-bedroom and 3 two-bedroom units; 37 of 39 rentable units are leased (about 95% occupied). Approximately 80% of monthly rent is paid directly by housing assistance programs (DHA and VASH). Trailing-12 NOI is $346,262. Amenities include on-site laundry, covered carport parking (57 spaces), a dog park, and landscaped grounds. Value-add upside includes upgrading classic interiors, returning the on-site office and storage studio to the rent roll, and moving rents toward market as units turn. The 1.31-acre MF-2(A) site is surrounded by new townhome development; townhome redevelopment is a scenario worth considering, subject to zoning, entitlements, and buyer due diligence.
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Additional Information
- Unexempt Taxes
- $101,284
- Lot Size
- 57,063
- Acres
- 1.31
- Interior Features
- High Speed Internet, Cable TV
- Flooring
- Carpet, Combination, Laminate
- Foundation
- Slab
- Roof
- Shingle
- Stories
- 2
- Pool Features
- None
- Parking Garage
- Covered, Carport
- School District
- Dallas Isd
- Elementary School
- Lipscomb
- Middle School
- Long
- High School
- Woodrow Wilson
- Possession
- CloseOfEscrow
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Listing courtesy of Jay Fang from U Property Management. Contact: 469-500-1268
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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