CIMMARON COURT | 6 UNIT CONDO PACKAGE
Fully leased, cash-flowing 6-unit condo package with significant upside potential. Located in a prime area near major highways, top shopping, and dining, within the sought-after Plano ISD. Complex includes in-house HOA management and amenities with two pools, ensuring ease of management and tenant appeal.
Strategic updates could drive rental increases and boost returns. Projected at a 6% CAP rate post-updates, this portfolio is an excellent addition to any investment strategy.
Detailed financials, bylaws, and associated documents upon request.
Location
Plano ISD Between Preston & Dallas Parkway
Gated HOA Community Units: 1125, 1117, 214, 425, 527, 513
THE LOCATION
Cimarron Court, located at 18333 Roehampton Drive in North Dallas offers a prime location for residents seeking convenience and accessibility. Nestled in the highly sought-after North Dallas area, the community boasts a blend of suburban tranquility and urban connectivity.
The neighborhood is highly walkable, with a variety of shopping and dining options just steps away. Residents can enjoy easy access to upscale grocery stores, boutiques, and essential services, as well as a diverse selection of restaurants ranging from casual eateries to fine dining. Nearby attractions include the bustling Addison entertainment district and the Galleria Dallas, known for its shopping, dining, and year-round events.
Cimarron Court is also well-connected to outdoor amenities, with nearby parks and walking trails perfect for recreation and relaxation. With its strategic location near major highways, including the Dallas North Tollway and I-635, residents enjoy seamless commutes to work, school, and Dallas’s vibrant downtown area..
PROPERTY INFO
- 6 units
- Plano ISD
- All units are leased
- Close to shopping and highways
- Potential for Value-add opportunity
- Built in 1985
- Semi updated units
SPECS
UNIT
UPSIDE POTENTIAL
POTENTIAL ADD-ON VALUE
- Comps suggest that 1 bedroom aprtements in the same complex can be leased for as high as $1200 monthly. - Comps suggest that 2 bedroom aprtements in the same complex can be leased for as high as $1350 monthly.
- Currently each unit is leased at an average of $917 per unit.
CURRENT INCOME SHEET
POTENTIAL INCOME SHEET
