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Castle Glen

217 W. I-30, Garland, TX 75043

$2,095,000

48 Units | Multifamily

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Multifamily Property For Sale

Price:
$2,095,000
No. Units:
48
Building Size:
40,768 SF
Price/Unit:
$43,645.83
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.64%
No. Stories:
2
Year Built:
1983
Listing ID
18385218
Last Updated
35 days ago

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Highlights

  • 48 Units and 93% Occupied
  • 8.73% Cap Rate
  • Convenient Highway Access; 153,000+ VPD
  • Individually Metered; Electric and Water paid by tenant
  • Purchase as stabilized C or capture potential upside
  • Upside via amenity improvement and rental increase

Description

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.

Map of 217 W. I-30, Garland, TX 75043 (Dallas County)

Research for 217 W. I-30, Garland, TX 75043 (Dallas County)

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  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

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Benjamin's Other Listings (View All)

Asking Price Index Trends for Garland, TX Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$49,359+0.5%+12.5%
-
Metro
$67,930+0.9%+9.4%
-
County
$65,384-0.7%+4.0%

View Garland Market Trends for other property types for sale or lease. Learn more about the chart info.

Castle Glen
  • Multifamily
  • $2,095,000
  • 48 Units
  • 40,768 SF