Town Central Apartments is a 24-unit multifamily property located in the downtown Garland area of the Dallas–Fort Worth metroplex. Constructed in 1983, the community offers a 1 and 2 bedroom unit mix. The value add opportunity for future owners exists through interior enhancements. The property is situated one block… Read More east of Garland High School with convenient access to S. Garland Road, providing strong visibility and connectivity to major employment centers, retail, and public transit. Walking distance to downtown Garland amenities, dining, and entertainment. Freddy Mac assumable loan available for qualified buyers. Recent ownership has completed multiple capital improvements such as a new roof, exterior carpentry and rehabbed a handful of units that prove the pro forma market rent. Current property management is able to maintain 90% occupancy to help buyer secure financing. The asset presents a stable asset with value add potential. Town Central Apartments is well positioned within a supply-constrained submarket and benefits from established residential demand. Property tours are available by appointment. Buyer to independently verify all information, including unit count, square footage, condition, and zoning. Read Less
Courtesy of Lakeshore Real Estate, Angel Flores.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Square Ft.
14,720
Lot Size
0.69 Acres
Year Built
1983
MLS Number
21154218
Additional Details
Property Access
Road surface type: Asphalt
Appliances & Equipment
Dishwasher, ElectricOven, ElectricRange, Disposal
Building
Built in 1983, Construction materials: Brick, WoodSiding, Levels: Two, 2 buildings, 2, Toal building area: 14720
Community
Curbs
Cooling
Electric, WallWindowUnits
Expenses
Insurance: $21,031
Floors
Carpet, CeramicTile, Vinyl
Heating
Electric
Income
Gross income: $282,894, Net operating income: $157,461
