Garland, TX 75040 104 S 11th Street
$2,350,000



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Presented By: Lakeshore Real Estate
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
Town Central Apartments is a 24-unit multifamily property located in the downtown Garland area of the Dallas–Fort Worth metroplex. Constructed in 1983, the community offers a 1 and 2 bedroom unit mix. The value add opportunity for future owners exists through interior enhancements.
The property is situated one block east of Garland High School with convenient access to S. Garland Road, providing strong visibility and connectivity to major employment centers, retail, and public transit. Walking distance to downtown Garland amenities, dining, and entertainment. Freddy Mac assumable loan available for qualified buyers.
Recent ownership has completed multiple capital improvements such as a new roof, exterior carpentry and rehabbed a handful of units that prove the pro forma market rent. Current property management is able to maintain 90% occupancy to help buyer secure financing. The asset presents a stable asset with value add potential.
Town Central Apartments is well positioned within a supply-constrained submarket and benefits from established residential demand. Property tours are available by appointment. Buyer to independently verify all information, including unit count, square footage, condition, and zoning.
Presented By: Lakeshore Real Estate
Interior Features for 104 S 11th Street
Bathrooms
Total Baths
Other Interior Features
Basement Y/NNo
Fireplaces Total0
FlooringCarpet, Ceramic Tile, Vinyl
Interior FeaturesCable TV Available, High Speed Internet Available
Lock Box TypeCall Listing Office
Occupancy Rate90
Total Units24
Unit Count5
General for 104 S 11th Street
# of Buildings2
Accessory Unit Y/NNo
AppliancesDishwasher, Disposal, Electric Oven, Electric Range
Capitalization Rate6.70
Carport Spaces
CityGarland
Complex NameTown Central
Construction MaterialsBrick, Wood
CoolingElectric, Wall/Window Unit(s)
CountyDallas
DirectionsFrom Downtown Garland (Main St and 5th St): Drive West on Main St for 0.4 miles to 11th st. Property is on the north east corner of Main St & 11 th St.
Elementary SchoolChoice Of School
Elementary School NameChoice Of School
Green Water ConservationLow-Flow Fixtures
Gross Annual Expenses106970.00
HOA TypeNone
HeatingElectric
High SchoolChoice Of School
Insurance Expense21031
LevelsTwo
Number of Garage Spaces0
Pool Y/NNo
Possession60-90 Days
Property SubtypeApartment
Property TypeResidential Income
RoofShingle
School DistrictGarland ISD
Security FeaturesFire Alarm
Standard StatusActive
StatusActive
Subdivision NameJOYCE & ALEXANDER
TenancyPet Restrictions, Pets Allowed
UtilitiesAsphalt, City Sewer, City Water, Curbs, Individual Water Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1983
Year Built DetailsPreowned
Exterior for 104 S 11th Street
Attached Garage Y/NNo
Building Area Total14720.00
Covered Spaces
Foundation Slab
Garage Y/NNo
Lot FeaturesSubdivision
Lot Size.5 to < 1 Acre
Lot Size Acres0.6890
Lot Size Area0.6890
Lot Size SourceAssessor
Lot Size Square Feet30012.8400
Lot Size UnitsAcres
Number Of Parking Spaces26
Parking FeaturesConcrete
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Choice of School Elementary School
High School
N/A
Middle School
N/A
Suzanne Smith
Broker/Owner

SQFT • 14,720