5088 Ross Ave, Dallas, TX 75206 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2022Total Assessed Value $73,874,240County Dallas

Property Details

The Apartments property 5088 Ross Ave, Dallas, TX 75206 is located in Dallas County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $73,874,240.

The gross building area is 340,431 square feet and the land area is 199,112 square feet for this Apartment Garden (1 - 4 stories) built in 2022.

Legal description: Blk 706 Acs 4.571 Int202100279400 Dd09172021 Co-Dc 0706 000 00100 1000706 000

$73,874,240

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5088 Ross Ave, Dallas, TX 75206, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area340,431

Land Size199,112

Land Value$10,951,160

Improved Value$62,923,080

Total Assessed Value$73,874,240

Year Built2022

County NameDallas

Account Number00000121798000100

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Type ConstructionTilt up pre cast concrete

No of Stories5

Number of Units386

Exterior WallsBrick

Sales History

3/7/2025

Arms-lengthNot Disclosed

Buyer

Midamerica Apartments Lp

Seller

Maa Cathedral Arts Exchange Llc

Book Number

2025.51121

Recording Date

3/7/2025

Transaction Details

Midamerica Apartments Lp acquired the property from Maa Cathedral Arts Exchange Llc through a Arms-length transaction on 3/7/2025 for .

9/17/2021

Other$8,000,000

Buyer

Asm Apartments Venture Llc

Seller

Book Number

Recording Date

9/17/2021

Transaction Details

Asm Apartments Venture Llc acquired the property from through a Other transaction on 9/17/2021 for $8,000,000.

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	-	-	$73,874,240	-	-	-	-	-	-	199,112	340,431
2024	$10,951,160	$62,923,080	$73,874,240	$73,874,240	Asm Apartments Ventu...	3889 Maple Ave Ste 2...	Blk 706 Acs 4.571 In...	1Dsi10	-	199,112	340,431
2023	$9,955,600	$16,479,440	$26,435,040	$26,435,040	Asm Apartments Ventu...	3889 Maple Ave Ste 2...	Blk 706 Acs 4.571 In...	1DSI10	-	199,112	340,431
2022	$7,964,480	$2,000	$7,966,480	$7,966,480	Asm Apartments Ventu...	3889 Maple Ave Ste 2...	Blk 706 Acs 4.571 In...	1DSI10	-	199,112	16,275

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
5088 Ross Ave, Dallas, TX 75206	00000121798000100	Apartments	Apartment Garden (1 - 4 stories)	Asm Apartments Venture Llc	Dallas	-	-	-	-	2022	340,431	386
4123 Cedar Springs Rd, Dallas, TX 75219	001502000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Cedar Springs I Llc &	Dallas	2.4	$ 158,381,617	2025-07-02	$ 544.83	2008	290,699	324
3700 Mckinney Ave Unit, Dallas, TX 75204	00C44890000100001	Apartments	Apartment Garden (1 - 4 stories)	Usl 3700m Llc &	Dallas	1.4	$ 146,300,000	2025-08-07	$ 341.91	2013	427,890	381
1531 Inspiration Dr, Dallas, TX 75207	001226000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Inspiration Dallas Llc	Dallas	2.8	$ 59,850,000	2025-11-11	$ 165.07	2008	362,566	309
835 S Good Latimer Expy, Dallas, TX 75226	000157000301A0000	Apartments	Apartment Garden (1 - 4 stories)	Spi Good Latimer 340 De Llc &	Dallas	2.3	$ 47,893,300	2025-07-21	$ 127.66	2015	375,159	340
6044 E Lovers Ln, Dallas, TX 75206	005406001103A0000	Apartments	Apartment Garden (1 - 4 stories)	Reserve Wp Llc &	Dallas	3.0	$ 55,860,000	2025-12-01	$ 241.93	2009	230,897	149
915 S Harwood St, Dallas, TX 75201	000120000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	La Villa Housing Finance Corp	Dallas	2.4	$ 66,566,500	2025-03-13	$ 206.97	2017	321,630	297
2781 N Carroll Ave, Dallas, TX 75204	002006001801D0000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	1.0	$ 108,777,500	2024-12-06	$ 309.71	2019	351,221	430
1001 Ross Ave, Dallas, TX 75202	00021200100010000	Apartments	Apartment Garden (1 - 4 stories)	Cc Meyer Properties Llc	Dallas	2.6	$ 31,681,930	2025-02-26	$ 142.34	2003	222,581	204
2217 Ivan St, Dallas, TX 75201	000998000102A0000	Apartments	Apartment Garden (1 - 4 stories)	Windsor At Turtle Creek Lp	Dallas	2.3	$ 110,872,125	2025-01-21	$ 238.11	1998	465,635	331
111 Morgan Ave, Dallas, TX 75203	003413000A01A0000	Apartments	Apartment Garden (1 - 4 stories)	Beckley Oz Holdings Llc	Dallas	4.1	$ 64,837,500	2025-05-01	$ 252.61	2022	256,675	340

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	5088 Ross Ave, Dallas, TX 75206	—	-	199,112	2022	340,431	$ 73,874,240	$ 10,951,160	-
Regions Bank	1811 Greenville Ave, Dallas, TX 75206	09/04/2025	$ 93,000,000	137,096	2005	119,721	$ 28,000,000	$ 6,703,310	Egw Greenville Investment Lp
Dashre Llc	4915 Gaston Ave, Dallas, TX 75214	07/17/2025	$ 400,419	16,544	1985	12,822	$ 2,198,760	$ 330,880	Jsh 4915 Gaston Llc
Optimum First Inc	4513 Munger Ave, Dallas, TX 75204	07/07/2025	$ 432,000	42,353	2023	8,538	$ 5,325,660	$ 2,964,710
Viceroy Living Llc	2003 Bennett Ave, Dallas, TX 75206	06/20/2025	$ 1,375,000	9,000	1971	6,375	$ 1,062,770	$ 540,000	Blue Mountain Property Group Llc
Everett Financial Inc	4513 Munger Ave, Dallas, TX 75204	06/03/2025	$ 456,000	42,353	2023	8,538	$ 5,325,660	$ 2,964,710
Persimmon Bridgeco Llc	4407 San Jacinto St, Dallas, TX 75204	05/20/2025	$ 2,362,500	12,057	1963	9,020	$ 2,160,000	$ 663,140	4407 San Jacinto Llc
T G H M Properties Lp	1828 N Garrett Ave, Dallas, TX 75206	04/28/2025	$ 175,000	9,010	2019	9,278	$ 2,475,000	$ 495,550	Topspin Development Lp
Veritex Community Bank	4611 Munger Ave, Dallas, TX 75204	04/18/2025	$ 1,200,000	20,000	1963	11,368	$ 1,768,000	$ 1,400,000	Cutchinc Properties Llc
Forethought Life Insurance Co	5050 Capitol Ave, Dallas, TX 75206	04/10/2025	$ 155,200,000	194,103	2012	389,184	$ 80,000,000	$ 11,646,180	Sh Sre Strata Llc
Arbor Commercial Funding I Llc	5421 Bryan St, Dallas, TX 75206	04/09/2025	$ 8,634,000	29,577	1972	20,930	$ 4,019,250	$ 591,540	Skyline 2025 Ventures Llc

Mean$ 13,813,458

Median$ 2,606,250.0

Loan Amount Range$ 50,000 - $ 155,200,000

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Tenant Details

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License Details

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