Log In/Sign Up
Your email has been sent.
Rose Garden Apartments 2718 Sherman St 57 Unit Apartment Building For Sale Grand Prairie, TX 75051
Investment Highlights
- Built in 1968, Rose Garden is a 57-unit garden-style community with strong value-add potential
- All units feature original interiors presenting $64 in mark-to-market (organic) upside and $150–$250+ below renovated comps.
- Rose Garden sits between Dallas and Fort Worth near major employers and offers quick access to TX-161, I-30, retail, schools, and major sports venues.
- Strong workforce renter demand supports interior renovation potential and long-term value creation.
Executive Summary
Rose Garden Apartments is a 57-unit garden-style multifamily community located in Grand Prairie, TX, situated between Dallas and Fort Worth in the heart of the DFW Metroplex. Built in 1968 and spanning 2.38 acres, the property consists of five residential buildings with classic exteriors and a dedicated leasing office.
Rose Garden offers a well-balanced mix of one- and two-bedroom floorplans ranging from 515 to 855 square feet. All units feature original finishes, including flat-panel cabinets, laminate countertops, and a mix of white and black appliances. Each unit is individually metered and equipped with separate HVAC systems and electric water heaters.
Community features include gated access, on-site laundry facilities, and ample open green space. The property is conveniently located near major highways including TX-161 and I-30, with close proximity to key employment hubs like Lockheed Martin and the Great Southwest Industrial District. Residents also enjoy easy access to retail, schools in Arlington ISD, and top entertainment venues such as AT&T Stadium and Globe Life Field.
Rose Garden offers a well-balanced mix of one- and two-bedroom floorplans ranging from 515 to 855 square feet. All units feature original finishes, including flat-panel cabinets, laminate countertops, and a mix of white and black appliances. Each unit is individually metered and equipped with separate HVAC systems and electric water heaters.
Community features include gated access, on-site laundry facilities, and ample open green space. The property is conveniently located near major highways including TX-161 and I-30, with close proximity to key employment hubs like Lockheed Martin and the Great Southwest Industrial District. Residents also enjoy easy access to retail, schools in Arlington ISD, and top entertainment venues such as AT&T Stadium and Globe Life Field.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 2.38 AC |
| No. Units | 57 | Building Size | 38,255 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 3.46/1,000 SF |
| Zoning | MF - Bc - Multi-Family Commercial | ||
| Sale Type | Investment |
| No. Units | 57 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 38,255 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 3.46/1,000 SF |
| Zoning | MF - Bc - Multi-Family Commercial |
Amenities
Unit Amenities
- Balcony
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Gated
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 515 - 620 |
| 2+1 | 14 | - | 840 |
| 2+2 | 9 | - | 855 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00647942 | Improvements Assessment | $4,136,676 |
| Land Assessment | $363,324 | Total Assessment | $4,500,000 |
Property Taxes
Parcel Number
00647942
Land Assessment
$363,324
Improvements Assessment
$4,136,676
Total Assessment
$4,500,000
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Rose Garden Apartments | 2718 Sherman St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.