Crest Manor

Dallas, TX

Info For Buyers

Overview

Built in 1916, Crest Manor offers a unique opportunity for value enhancement through both interior and exterior upgrades. In Summer 2024, the ownership undertook significant renovations, including updating the exterior hallways, resealing the parking lot, and powerwashing and repainting the building. Investors can build on this momentum by modernizing the units with technology packages and contemporary finishes to attract higher-quality tenants, ultimately boosting rental income. The property’s historic charm, combined with these strategic improvements, positions it for substantial appreciation.

Key Facts

Superior Location - Crest Manor is ideally situated in Old East Dallas, providing convenient access to Downtown Dallas, major highways, and sought-after neighborhoods such as Deep Ellum and Lakewood.

Investment Potential - Crest Manor presents a unique value enhancement opportunity through interior and exterior upgrades. Investors can capitalize on the opportunity by modernizing units with tech packages and contemporary finishes to attract higher-quality tenants and increase rental income.

Strong Submarket - East Dallas is seeing rising property values and rental demand, attracting professionals and young families to its charming, high-demand neighborhoods.

Excellent Walkability - Close to the Santa Fe Trail, White Rock Lake, and Lakewood, the area offers both urban convenience and access to outdoor activities.

Financing Opportunity - The property is free of existing debt and may qualify for tax credits for future updates, making it a financially attractive option for investors.