Crest Manor | 90% Occupied and Value-Add | 4425 Swiss Ave
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Crest Manor | 90% Occupied and Value-Add 4425 Swiss Ave
10 Apartment Units Online Auction Sale Dallas, TX 75204
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Investment Highlights
- Crest Manor at 4425 Swiss Avenue is a 10-unit multifamily complex consisting of two two-bedroom units, six one-bedroom units, and two studios.
- Value-add by modernizing the units with technology packages and contemporary finishes to attract higher-quality tenants, boosting rental income.
- Thanks to its prime location and distinctive community charm, the neighborhood has seen a consistent increase in property values and rental demand.
- Situated in Old East Dallas, one of the city’s most historic and lively neighborhoods, a short distance from the downtown area.
- Renovations in early 2024 included updating exterior hallways, parking lot resealing, power washing, and repainting the building.
Executive Summary
Global Real Estate Advisors is pleased to partner with Ten-X to present the 90% occupied, income-generating, and value-add opportunity at Crest Manor in Dallas, Texas. This historic property, built in 1916, features two studios, six one-bedroom units, and two two-bedroom units, with an average size of 975 square feet. It retains its original charm with hardwood floors, 10-foot ceilings, pedestal tubs, and crown molding.
Recent updates done in 2024 include a refreshed exterior, a new hallway color scheme, and a resealed gated parking lot. Further kitchen and bathroom upgrades, cabinetry updates, and floor resurfacing offer additional value-add potential, potentially adding $200 in monthly rental premiums. Technology packages like Wi-Fi thermostats and keyless entry would also enhance tenant appeal and retention. Partial interior upgrades have proven to be a rental premium of an average of $125 per unit. A complete renovation could push this to almost $200 per unit. There’s potential for investors to add value through kitchen and bathroom renovations, floor refinishing, and updating cabinetry, with estimated costs of $15,000 per unit. These improvements could increase rents by $200 per unit. Adding modern features like Wi-Fi thermostats, keyless entry, and video doorbells could further attract tenants.
Crest Manor benefits from strong local economic and demographic trends. The average household income is nearly $114,200, and the average home price is $465,348. The property is just minutes from Downtown Dallas, Baylor University Medical Center, and popular areas like Deep Ellum and Lakewood. Its central location offers residents easy access to major highways such as Interstate 30 and Highway 75, making it an attractive option for those seeking proximity to urban amenities and employment hubs. The surrounding neighborhoods, including Swiss Avenue and Lakewood, feature high residential values, and Crest Manor benefits from strong rental demand fueled by the area's appeal to professionals and young families.
Inquire today to learn about the opportunity to create a fully furnished unit for a corporate housing structure—similar units go for as much as $3,200 per month. Crest Manor’s historical charm and strategic improvements position it for substantial appreciation.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Recent updates done in 2024 include a refreshed exterior, a new hallway color scheme, and a resealed gated parking lot. Further kitchen and bathroom upgrades, cabinetry updates, and floor resurfacing offer additional value-add potential, potentially adding $200 in monthly rental premiums. Technology packages like Wi-Fi thermostats and keyless entry would also enhance tenant appeal and retention. Partial interior upgrades have proven to be a rental premium of an average of $125 per unit. A complete renovation could push this to almost $200 per unit. There’s potential for investors to add value through kitchen and bathroom renovations, floor refinishing, and updating cabinetry, with estimated costs of $15,000 per unit. These improvements could increase rents by $200 per unit. Adding modern features like Wi-Fi thermostats, keyless entry, and video doorbells could further attract tenants.
Crest Manor benefits from strong local economic and demographic trends. The average household income is nearly $114,200, and the average home price is $465,348. The property is just minutes from Downtown Dallas, Baylor University Medical Center, and popular areas like Deep Ellum and Lakewood. Its central location offers residents easy access to major highways such as Interstate 30 and Highway 75, making it an attractive option for those seeking proximity to urban amenities and employment hubs. The surrounding neighborhoods, including Swiss Avenue and Lakewood, feature high residential values, and Crest Manor benefits from strong rental demand fueled by the area's appeal to professionals and young families.
Inquire today to learn about the opportunity to create a fully furnished unit for a corporate housing structure—similar units go for as much as $3,200 per month. Crest Manor’s historical charm and strategic improvements position it for substantial appreciation.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per Unit
Dallas-Fort Worth - TX USA
Market Cap Rate
Dallas-Fort Worth - TX USA
Market Sale Price per Unit by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per Unit Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Lot Size | 0.29 AC |
| Sale Conditions | Auction Sale | Building Size | 9,750 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1916/2024 |
| Apartment Style | Low Rise | Parking Ratio | 1.03/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,750 SF |
| Average Occupancy | 90% |
| Number of Floors | 2 |
| Year Built/Renovated | 1916/2024 |
| Parking Ratio | 1.03/1,000 SF |
Amenities
Unit Amenities
- Fireplace
- Washer/Dryer
- Tile Floors
- Kitchen
- Wooden Floors
- Tub/Shower
- Patio
Site Amenities
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,100 |
| 1+1 | 6 | - | 950 - 1,000 |
| Studios | 2 | - | 800 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 00000123298000000 | Improvements Assessment | £634,943 |
| Land Assessment | £293,268 | Total Assessment | £928,210 |
PROPERTY TAXES
Parcel Number
00000123298000000
Land Assessment
£293,268
Improvements Assessment
£634,943
Total Assessment
£928,210
zoning
| Zoning Code | R75A |
| R75A |
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Derek Rudd
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Crest Manor | 90% Occupied and Value-Add | 4425 Swiss Ave
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Crest Manor | 90% Occupied and Value-Add | 4425 Swiss Ave
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