University Place Condos for Sale

Welcome to University Place, an exquisite subdivision nestled in the vibrant heart of Dallas, Texas. This charming community is renowned for its unique blend of modern living and suburban tranquility, making it an ideal choice for families, professionals, and retirees alike. With its prime location, residents enjoy easy access to top-tier educational institutions, shopping, dining, and recreational opportunities, all while being surrounded by the rich cultural tapestry that Dallas has to offer.

University Place boasts a variety of beautifully designed condos for sale, each offering a perfect combination of style, comfort, and convenience. These contemporary residences feature open floor plans, spacious living areas, and high-end finishes, making them perfect for both entertaining and everyday living. Many condos come with private balconies or patios, providing a serene space to unwind while taking in the picturesque views of the surrounding landscape.

The community is also equipped with a range of amenities, including a sparkling swimming pool, fitness center, and beautifully landscaped common areas, fostering a sense of camaraderie among residents. Moreover, the proximity to major highways and public transportation ensures that commuting to downtown Dallas or nearby neighborhoods is a breeze.

Whether you’re looking to invest in a new home or seeking a rental property, University Place presents an enticing opportunity. With its appealing condos for sale, vibrant community spirit, and unbeatable location, it’s no wonder that University Place is one of the most sought-after neighborhoods in Dallas. Explore your new lifestyle in this delightful subdivision today!

Newest University Place Condos for Sale

$3,000,000

12 Beds ⋅ 12 Baths ⋅ 21260036 MLS

Located in the highly desirable Oak Lawn corridor, this rare 12-unit multifamily asset at 4002 Prescott Ave offers a compelling blend of historic character and long-term investment stability.? Originally constructed in 1929, the property retains its timeless appeal with original hardwood flooring, vintage cabinetry, and classic countertops, providing a unique charm that is increasingly difficult to replicate in today’s market.? Situated on approximately a quarter-acre lot, the property benefits from an exceptional location just minutes from Highland Park and the vibrant Lemmon Avenue corridor.? Tenants enjoy immediate access to a wide array of restaurants, grocery stores, retail, and everyday conveniences, making this a consistently desirable rental location.? The asset consists of twelve residential units plus an additional apartment above the carport, offering supplemental income potential.? Ownership has maintained the property with key capital improvements, including updated plumbing, electrical systems, and roof, reducing near-term deferred maintenance concerns.? Currently averaging approximately $1,200 per unit in monthly rent, the property presents a strong in-place income stream with additional upside through operational efficiencies and potential rent growth.? The current owner has personally managed the property since 1996 and occupies one of the units, reflecting long-term stewardship and pride of ownership.? Offered as-is, this is a rare opportunity to acquire a well-located, character-rich multifamily asset in one of Dallas’ most sought-after rental submarkets.?

4002 Prescott Ave, Dallas

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