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 Castle Glen

217 W. I-30, Garland, TX 75043

Price: $2,150,000 Year Built: 1983 Type: Garden/Low Rise
PP Unit: $44,791 # of Units: 48 Stories: 2
Cap Rate: --% Avg. Unit Size:   SF Building Size: 40,768 SF
Occupancy: 93% Avg. Rent per Unit: $ Lot Size: 3.04 AC

   
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Description

48 Units and 93% Occupied. 153,000+ VPD. Convenient Highway Access. Individually Metered. Purchase as stabilized C or capture potential upside. Upside via amenity improvement and rental increase.

The 4 buildings on the property all have stucco exterior, pitched roofs, and concrete parking lots. The complex is comprised of 48 units with 16-1 bdrm/1 bath (700 sq ft) and 32-2 bdrm/2 bath (960 sq ft) units. Some units come with fireplaces, washer/dryer hook ups, and walk in closets. Each unit is individually metered for tenants to pay for electricity and the owner is gradually converting all tenants to pay utilities.

This two-story apartment community was built in 1983 and sits on 3.04 acres of land fronting Interstate 30 in the East Dallas/Garland submarket.

Castle Glen is conveniently located in east Dallas approximately 30 minutes from Love Field and 40 minutes from DFW Airport.

 

 

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Broker Contact

PHILLIPS COMMERCIAL
BENJAMIN PHILLIPS
(214) 526-3820

 
 
 
 
 

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