2303 Spencer Ct, Dallas, TX 75208

$4,695,000
18
BD
32
BA
26,178
SqFt

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List Price
$4,695,000
MLS#
21292265
Status
ACTIVE
Type
Multifamily
Subtype
ResidentialIncome
Year Built
2020
Construction Status
Preowned
Bedrooms
18
Full Baths
18
Half Baths
14
Acres
1
Living Area
26,178
County
Dallas
City
Dallas
Subdivision
707 Commerce
Building Name
707 Commerce

Property Description

707 Commerce Townhomes offers a rare adaptive-use investment opportunity in a rapidly evolving urban corridor. The property consists of a fully vacant 16 unit townhome community that can be strategically repositioned as a multifamily rental asset or sold individually as fee-simple townhome units. With complete vacancy, investors gain immediate operational control and the flexibility to execute lease-up strategies, phased unit sales, or a full redevelopment vision without tenant displacement or legacy management issues. The property is currently undergoing a comprehensive renovation program that will deliver best-in-class finishes, modernized systems, and upgraded amenities designed to meet the expectations of today’s urban renter or homeowner. Pictures do not represent current condition. The asset presents a compelling value-add opportunity with multiple exit strategies in a high-growth market supported by strong long-term demand drivers.

Additional Information

HOA
Yes
Appliances
Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal
Lot Size
43,560
Acres
1
Interior Features
Eat-In Kitchen, High Speed Internet, Cable TV
Flooring
Concrete, Tile, Vinyl
Foundation
Pillar/Post/Pier
Roof
Flat
Pool Features
None
Garage Spaces
16
Parking Garage
Additional Parking, Assigned
School District
Dallas Isd
Elementary School
Peeler
Middle School
West Dallas
High School
Pinkston
Possession
ClosePlus30To60Days, ClosePlus60To90Days
Possession
ClosePlus30To60Days, ClosePlus60To90Days

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Richard Scheurer from CMS Strategic Partners, LLC. Contact: 214-874-0902