Cove Dallas Multifamily 59 DST
Dallas-Fort Worth MSA
| Asset Class: | Multifamily |
| Leverage: | 0%/100% Debt-Free |
| Location(s): | Dallas-Fort Worth MSA |
| Minimum Investment: | $100,000 |
| Current Distribution: | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Cove Dallas Multifamily 59 DST is 159-unit garden-style community in the Dallas-Fort Worth MSA. The sponsor has elected to pursue a value-add strategy encompassing interior unit renovations, which include new quartz countertops, stainless steel appliances, upgraded plumbing & lighting fixtures, and wood-like flooring. Communal amenities include a swimming pool, fitness & business centers, grilling area, and on-site laundry facility. Located 20 minutes from downtown Dallas and is within 2.5 miles driving distance to multiple employers, restaurants, and retailers.
Property Highlights
- 159-unit garden style community built in 1983 with continued plans of renovations
- Unit amenities include: black appliances, faux wood flooring, two-inch blinds, brushed nickel hardware and fixtures, gooseneck kitchen faucets, modern lighting, two-tone paint, washer/dryer connections, spacious walk-in closets, cozy fireplace, breezy ceiling fan, patio/balcony, exterior storage, and resurfaced countertops
- Community amenities include: sparkling swimming pool, state-of-the-art fitness center, business center, grilling area, controlled access gate, and on-site laundry facility
- The Property is located 20 minutes from revitalized downtown Dallas With more than 135,000 employees
- Proximate to multiple prominent employers, restaurants, and retailers
- Near two higher education institutions with enrollment of more than 13,000 students; Lancaster Dallas College Cedar Valley Campus and University of North Texas Dallas.
- Conveniently positioned near three major highways, Interstate 35, 20, and Highway 342.
Source: Brochure
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
