Built in 1984, the Property presents an opportunity for potential investors to continue or expand on the in-place interior renovation program. Current ownership has implemented a premium renovation on 17 units (4%) including black appliances, granite countertops, new cabinet fronts with pulls, new lighting, faux wood flooring with soundproofing, and modern sinks. Prior ownership had partially upgraded 104 units (26%) including new cabinet fronts, 2 toned paint, vinyl flooring, modern lighting, resurfaced countertops, and brushed nickel hardware/faucets. Future ownership could continue or expand these additions to help bridge the $90 gap between the Property and the competitive set.
Holliday GP Corp. (“HFF”), a Texas licensed real estate broker, in conjunction with Wellington Realty have been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Twelve 6 Ten at the Park (the “Property”), a 402-unit value-add, Class “B” asset in northeast Dallas. Offered both free and clear or on an assumption basis, Twelve 6 Ten at the Park provides potential buyers the opportunity to continue or expand on the in-place interior renovation program on the remaining 70% classic units. The Property also benefits from a prime location just off Interstate-635 which is currently undergoing $130 million in enhancements aiming to improve connectivity in the area. This additional connectivity helps link Twelve 6 Ten to the numerous employment and entertainment destinations in the area including the Medical City Dallas Hospital, Telecom Corridor, North Park Center, Lake Highlands Town Center, and much more.