The Flamingo

3901 Hall St, Dallas, TX 75219

INVESTMENT SUMMARY

This boutique twenty-unit apartment building is a perfect example of what we do best. In 2018, we transformed this rundown building into one of the nicest boutique apartments in the neighborhood. Located in the heart of Oak Lawn, and within a block of all the Cedar Springs restaurants and nightlife, we acquired this asset understanding the strong demand for “walkable” inventory. We successfully increased monthly gross revenue (post renovation) from $12,000 to $27,000 and have set a new standard of quality for the high-end boutique market.

PROPERTY DETAILS

• Gross Revenue increased 130% year two
• True Pride of Ownership

INVESTMENT DETAILS

• Purchased as a non-performing class C- asset & repositioned to class A-
• Average rents exceed $2.50 per foot
• Rare opportunity to reposition one of the last original apartment buildings in this submarket