Waller Group Properties is proud to present this 20-unit multifamily complex built in 1986. Located in the heart of East Dallas, Grigsby Place is an attractive, well-maintained complex with all one-bedroom units. 70% of the rental revenue is Section 8 income. The property is currently operating at an NOI of $166,218 at a 6.00% cap rate on actuals. Pro Forma NOI is $195,757 at a 7.07% Pro Forma cap rate. This is a partially renovated value add opportunity where 15 units have been renovated to include new cabinets, counters, plumbing and appliances within the last 8 years. For more information, please review the OM and financials that are in the documents tab, and on our website.
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Listing information last updated on November 25th, 2020 at 4:30pm CST.