Listed by Rachael Gray Smith of Compass RE Texas,LLC (432-413-6370)
A rare opportunity to acquire a fully renovated 16-unit condominium portfolio one block from Bishop Avenue, one of Dallas's most active dining and entertainment corridors. The portfolio spans 4 buildings and delivers 9 leased units with in-place income at closing, with the remaining 7 units rent-ready and actively being leased at current market rates. No deferred maintenance. No renovation timeline. The heavy lifting is done. The unit mix includes studios, one-bedroom, and two-bedroom residences, individually metered for utilities with tankless water heaters throughout. The flexible unit mix supports long-term and mid-term rental strategies, with additional uses subject to city guidelines. With stabilized pro forma gross income of $247,200 annually and a location that continues to benefit from Dallas's urban core demand, this portfolio is positioned for an investor seeking immediate cash flow with a clear path to full stabilization.

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    Based on information submitted to North Texas Real Estate Information Services as of May 27, 2026 4:01 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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