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Casita Grove 531 S Belt Line Rd 123 Unit Apartment Building For Sale Grand Prairie, TX 75051
Investment Highlights
- Significant Capital Improvements
- Central DFW Workforce Housing Location
- Workforce Housing with Operational Upside
- Attractive Assumable Fannie Mae Financing
Executive Summary
Located in the heart of the DFW Metroplex, the property pairs recent capital improvements with central access to major employment centers, highways, and DFW International Airport.
Combining completed capital improvements, attractive assumable financing, and a desirable unit mix, Casita Grove presents a compelling opportunity to unlock value through operational improvements and revenue optimization.
Combining completed capital improvements, attractive assumable financing, and a desirable unit mix, Casita Grove presents a compelling opportunity to unlock value through operational improvements and revenue optimization.
Property Facts
| Sale Type | Investment | Lot Size | 5.34 AC |
| No. Units | 123 | Building Size | 102,753 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1967/1975 |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Zoning | MF-1 - Multifamily | ||
| Sale Type | Investment |
| No. Units | 123 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.34 AC |
| Building Size | 102,753 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/1975 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | MF-1 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
Site Amenities
- 24 Hour Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Spa
- Grill
- Laundry Service
- Planned Social Activities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 630 |
| 2+1 | 93 | - | 841 |
| 3+2 | 12 | - | 1,100 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 65144615010120000 | Improvements Assessment | $11,785,010 |
| Land Assessment | $464,990 | Total Assessment | $12,250,000 |
Property Taxes
Parcel Number
65144615010120000
Land Assessment
$464,990
Improvements Assessment
$11,785,010
Total Assessment
$12,250,000
(817) 406-3260
x434
Contacts
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Sterling Warren -
Doug Banerjee -
Jack Stone -
Andrew Mueller -
Yassi Ghashghai -
Greysteel
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Casita Grove | 531 S Belt Line Rd
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