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K2 Omni Group
4927 Bryan St, Dallas, TX 75206
- $2,380,000
- 20
- BD
- 20
- BA
- List Price
- $2,380,000
- MLS#
- 21433764
- Status
- ACTIVE
- Type
- Condo
- Subtype
- ResidentialIncome
- Year Built
- 1938
- Construction Status
- Preowned
- Bedrooms
- 20
- Full Baths
- 20
- Acres
- 0.20
- County
- Dallas
- City
- Dallas
- Subdivision
- College Hill
- Building Name
- 4927 & 4931 Bryan
Property Description
Located on a corner lot in the heart of East Dallas, 4927 & 4931 Bryan offers investors a two-building, 20-unit apartment portfolio with existing rental income, renovation upside, and long-term redevelopment potential.? All residences feature one-bedroom, one-bathroom layouts, with convenient access to the dining, shopping, and entertainment destinations of Lower Greenville, Henderson Avenue, and the Knox District.? 4927 Bryan has been remodeled, with individual HVAC condenser units and in-unit washer-dryers throughout.? At 4931 Bryan, two units feature individual HVAC condensers and washer-dryers, while the remaining units use window air conditioning—providing a clear opportunity to pursue higher rents through similar upgrades and interior renovations.? The renovated building allows buyers to maintain rental income while completing improvements at the second property.? The combined corner site also offers potential for redevelopment into a new apartment community of 18 or more units, subject to applicable city approvals.? Buyers have multiple paths to creating value: operate the existing portfolio, complete the remaining renovations to grow net operating income, or pursue future redevelopment in an established East Dallas neighborhood.?
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Additional Information
- Lot Size
- 8,750
- Acres
- 0.20
- Interior Features
- Eat-In Kitchen, High Speed Internet
- Flooring
- Vinyl, Wood
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Stories
- 2
- Pool Features
- None
- Parking Garage
- Additional Parking, Assigned, Off Street, Parking Lot
- School District
- Dallas Isd
- Elementary School
- Bonham
- Middle School
- Spence
- High School
- North Dallas
- Possession
- CloseOfEscrow
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Listing courtesy of Matthew Cassidy from Perry Guest Company. Contact: 314-724-5734
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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