2803 Riverside
Offering Summary:
- Location: Grand Prairie, TX
- Year Built: 1999
- Units: 436
Investment Highlights:
- 436-unit, value-add opportunity in Grand Prairie
- Low-density, two-story, garden-style asset with 168 direct-access garages
- 96% occupied and 99% leased with 8.5% net rental income growth over the trailing 12 months
- Opportunity to continue unit enhancements in 131 units, add washer/dryer in 436 units, and create 120 pet yards
- There is currently only one property under construction within a five-mile radius, furthering a buyer's ability to organically increase rents
- Grand Prairie has averaged 95.4% occupancy for the trailing nine quarters, while achieving 4.0% rent growth
Exclusively Listed by:
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Will Balthrope
Executive Managing Director
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Drew Kile
Senior Managing Director
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