Dallas, TX

Ivanhoe Apartments

Overview

Ivanhoe Apartments is a well-maintained 197- unit apartment community in the heart of the redeveloping and vibrant North Park district of Dallas. Sun Equity’s business plan included cutting operating expenses through a change of management, leveraging its relationships with vendors, along with a bold $2.1 million building renovation program, phased over three years. Capital investments include remodeling 60% of the units and a complete makeover of the exterior of the building. Business plan projections indicate an increase of approximately $5 million of value in excess of the purchase price. Property is situated in the heart of one of the fastest growing submarkets in Dallas, and sits in close proximity to many attractions including the prestigious NorthPark Center, Top Golf, and the upcoming Alamo Draft House development.

Highlights

  • 7 acre property
  • 10-building 2-story residential complex
  • 197 garden apartments
  • 1,2 and 3 bedroom units
  • Year Constructed: 1971
1 million
Commercial Sq. Footage
1
Residential Units
1
Properties
1
Years in business
$ 1 billion
Assets
1
States