Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
This exceptional 28-unit apartment building in Garland, Texas presents a compelling investment opportunity. Boasting a total of 23,990 square feet across three 3-story buildings, this property, built in 1983 and extensively renovated in 2019, offers significant upside potential. Recent improvements include a new roof, exterior siding and paint, and updated kitchens featuring granite countertops and new cabinets. The complex comprises a mix of studio, one-bedroom, and two-bedroom units, with pro forma rents ranging from $1,100 to $1,610, reflecting strong market demand. Located less than two miles from Lake Ray Hubbard, residents enjoy proximity to waterfront activities, golf courses, parks, restaurants, shopping, and entertainment. Its convenient location, approximately 40 minutes from both DFW International Airport and Dallas Love Field, and 17 miles east of downtown Dallas near I-30 and the President George Bush Turnpike, further enhances its appeal. The property benefits from its proximity to the upcoming Sapphire Bay mixed-use development. Currently boasting over 95% occupancy, the property is priced at $3,300,000, representing a 6.20% cap rate. Further rent increases of approximately $245 per unit are projected after interior renovations, potentially stabilizing the cap rate at around 8.5%. The property is offered with 100% ownership of all units, eliminating HOA complexities. The APN is 26178300010031000.
Highlights
$3,300,000 asking price for a 28-unit apartment building in Garland, TX.
6.20% cap rate with significant upside potential to approximately 8.5% after projected rent increases.
23,990 square feet across three 3-story buildings, built in 1983 and renovated in 2019.
Located less than 2 miles from Lake Ray Hubbard, near major transportation arteries and amenities.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.