0.34 Acres Lot
0.34 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Mccarville & Bonds
MLS Listing ID 21222149
HOA Y/N None
Total Fin. Sqft 8880
Year Built 1957
Annual Tax Amount $30,617
Lot Size 0.336 Acres
Acres 0.336
Property Sub-Type Apartment
Property Description
Dallas, Texas. The property consists of 12 large residential units, offering an attractive unit mix that appeals to renters seeking spacious
layouts in an established, high-demand neighborhood.
Situated along Gaston Avenue, the property benefits from strong visibility and convenient access to Downtown Dallas, Uptown, Lower
Greenville, and White Rock Lake, while remaining embedded within a predominantly residential area known for long-term demand
and limited new supply. The Lakewood submarket's high barriers to entry and proximity to lifestyle amenities support durable occupancy
and rent growth.
The asset presents a clear value-add strategy, with the ability to renovate interiors, enhance common areas, and implement operational
efficiencies to drive rent premiums in line with renovated Lakewood comparables. Large unit sizes and infill location provide a competitive
advantage relative to newer, smaller-format developments.
Overall, 5921 Gaston Avenue offers investors the opportunity to acquire a well-located, infill multifamily asset in one of East Dallas's
most stable submarkets, with meaningful upside through renovation and repositioning while benefiting from strong underlying market
fundamentals.
Location
State TX
County Dallas
Direction Head east on Gaston from Munger. Property is on your left.
Interior
Interior Features Granite Counters, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Carpet, Luxury Vinyl Plank, Tile
Appliance Dishwasher, Disposal, Electric Range, Refrigerator
Heat Source Central
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Lipscomb
Middle Schools Long
High Schools Woodrow Wilson
School District Dallas Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21222149
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