For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap's Fluellen-Hoover Multifamily Group and powered by RealINSIGHT Marketplace, 2807 Bachman Drive is a 30-unit, three-building garden-style apartment community in Dallas, Texas, built in 1973 on 0.72 acres. All units are one-bedroom, one-bathroom floor plans averaging 620 square feet, with a current average rent of $1,225 per month. Bachman Place is approximately 80% occupied, compared to roughly 92% average occupancy among nearby comparable properties, presenting a clear lease-up opportunity. Fifteen units have not yet received the interior upgrade program completed elsewhere in the community, which has historically supported rent premiums of $100 to $125 per month. Ownership has already invested approximately $496,000 in capital improvements, including unit renovations, new electrical breaker boxes, exterior paint, and parking lot resurfacing, reducing near-term capital needs for a buyer. Repairs, maintenance, and insurance expenses currently exceed industry benchmarks, offering an additional path to increase NOI through more efficient operations. The property sits in Northwest Dallas near the Dallas Medical District, Dallas Love Field, and the Southwest Airlines headquarters, with convenient access to Interstate 35E, Loop 12, and the Dallas North Tollway.
Due Diligence
Location
Bachman Place sits at 2807 Bachman Drive in Northwest Dallas, near Webb Chapel Extension and W. Northwest Highway along Bachman Lake, with direct access to Interstate 35E. The property is less than two miles from Dallas Love Field and the adjacent Southwest Airlines headquarters, and minutes from the 30,000-employee Dallas Medical District and Downtown Dallas.
Transaction Managers
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Brokers
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
