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 Aspen Chase

11760 Ferguson Rd., Dallas, TX 75228

Price: $8,850,000 Year Built: 1983 Type: Garden/Low Rise
PP Unit: $30,729 # of Units: 288 Stories: 3
Cap Rate: 9.00% NOI: $445,000 Building Size:  208,359 SF
Occupancy: 85% Gross Inc: $1,711,152 - 2011 Lot Size:  11.10 AC

 
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Description

Aspen Chase is located on Ferguson Road less than one block from the access ramp of Interstate Highway 635 in far east Dallas.

Constructed in the mid-80s, Aspen Chase is situated on 11.1 acres of land and is comprised of 288 units in three-story, garden-style, brick and wood facade buildings. The total rentable square footage is 208,359, making the average unit size 723 square feet. Aspen Chase features concrete slab foundations with pitched composition roofs. Community amenities include convenient on-site management, controlled access gates with perimeter fencing, laundry facilities, playground, pools and well maintained grounds. Unit amenities include frost free refrigerators, wall-to-wall carpet and spacious walk-in closets, among others.

Overall, this well maintained asset offers nice curb appeal and rental upside potential. The property's proximity to Interstate 635 makes travel throughout the Dallas/Fort Worth metroplex an easy endeavor. Aspen Chase is ideal for the investor seeking a great return.

 

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Broker Information

  Wells Asset Management
Mike Wells
972-458-2588
   
   
   
   
   
   
   
   
   
   
   
   

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