476 Unit Value-Add Multifamily in Dallas/Ft Worth area
An investment opportunity for the purchase and renovation of a 476 unit apartment project in Irving, Texas. Property was built in 1985. The Dallas/Ft. Worth MSA remains a very dynamic market with excellent employment opportunities and a relatively low cost of living. Irving is well situated in the center of the MSA providing access to both Dallas and Ft. Worth with a reasonable commute. The
largest nearby employer is the DFW airport, a stable job provider only 3 miles away. Other major employers include American Airlines, and Hospital Corp. of America. Known for its telecom, financial services, airlines, healthcare, and energy, DFW has a diverse mix of large
employers, many of which are located in Irving.
The property is located just south of the intersection of Airport Freeway /TX-183 and President George Bush Turnpike / State Highway 161, a very attractive site for potential residents due to its proximity to several major employment centers. DFW International Airport, American Airlines headquarters and training center, and Baylor Scott & White Medical Center – Irving are within a short drive. The property has excellent visibility and a high traffic count along Valley View Lane of 16,900+ cars per day. There are 2 proposed industrial complexes under development within a 2 mile radius from the property providing over 1M square feet of industrial space upon completion.