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Saint Francis Apartments is a 20 unit, classic courtyard-style community located on North Marsalis Avenue in the rapidly evolving North Oak Cliff neighborhood of Dallas. The property sits just one block from Lake Cliff Park, a historic and scenic urban green space featuring a tranquil lake, recreational amenities, and sweeping views of the Dallas skyline. Owned and operated by the same family for more than 25 years, Saint Francis presents a compelling opportunity for new ownership to enhance value through both physical improvements and operational efficiencies. Additionally, the property is situated within a designated Opportunity Zone. This designation allows investors to reinvest capital gains into a Qualified Opportunity Fund (QOF), providing the potential to defer taxes on those gains by improving the property. Average rents range from 700-800 all bills paid.
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