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Listing provided courtesy of CMS Strategic Partners, LLC- MLS# 21292265MLS ProviderContact Information: Richard Scheurer - 214-874-0902

2303 Spencer CourtDallas, TX 75208

Multi-Family · 18 Beds · 18 Full Baths · 14 Half Baths · 26,178 Sq. ft. | 1.00 Acres
$4,695,000 Active

2303 Spencer Court Overview

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707 Commerce Townhomes offers a rare adaptive-use investment opportunity in a rapidly evolving urban corridor. The property consists of a fully vacant 16 unit townhome community that can be strategically repositioned as a multifamily rental asset or sold individually as fee-simple townhome units. With complete vacancy, investors gain immediate operational control and the flexibility to execute lease-up strategies, phased unit sales, or a full redevelopment vision without tenant displacement or legacy management issues. The property is currently undergoing a comprehensive renovation program that will deliver best-in-class finishes, modernized systems, and upgraded amenities designed to meet the expectations of today’s urban renter or homeowner. Pictures do not represent current condition. The asset presents a compelling value-add opportunity with multiple exit strategies in a high-growth market supported by strong long-term demand drivers.

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2303 Spencer Court Facts & Features

  • Type Multi-Family
  • Sq. ft. 26,178
  • Price/Sq.ft. $179
  • Lot 1.00 Acres

Details

General

Association/HOA

  • Association Name: TBD
  • Association: Yes

School Information

  • School District: Dallas ISD
  • Elementary School: Peeler
  • Middle Or Junior School: West Dallas
  • High School: Pinkston

Building Information

  • Year Built: 2020
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: 707 Commerce

General Information

  • Listing Terms: Cash,1031 Exchange
  • Parcel Number: 004004000A0090000
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 16.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 18
  • Bathrooms Half: 14
  • Bathrooms Total: 32
  • Bedrooms Total: 18

Building Interior

  • Building Area Source: Plans
  • Building Area Total: 26178.0

General Information

  • Appliances: Dryer,Dishwasher,Electric Cooktop,Electric Oven,Electric Water Heater,Disposal
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Concrete,Ceramic Tile,Luxury Vinyl Plank
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Eat-in Kitchen,High Speed Internet,Cable TV
  • Levels: Three Or More
  • Living Area: 26178.0
  • Security Features: Fire Alarm

Exterior

Parking Information

  • Parking Features: Additional Parking,Assigned
  • Parking Total: 30.0

Lot Information

  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Size Square Feet: 43560.0
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Board & Batten Siding,Concrete,Wood Siding
  • Roof: Flat

General Information

  • Covered Spaces: 16.0
  • Number Of Units Total: 16
  • Pool Features: None
  • Road Frontage Type: All Weather Road
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Electricity Connected,Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 14

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 2

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2303 Spencer Court Market Data

Based on the last 30 days in this zip code

$645,604
Average List Price
$314
Average Price per Square Foot
21
Properties Sold
75
Average Days on Market
162
Properties for Sale
Calculations provided by Reliance Network


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