Marcus & Millichap is pleased to present the exclusive listing of Royal Terrace, a 120-unit apartment community located in Euless, Texas. Built in 1964, the property offers investors a compelling combination of yield and upside, featuring a ~6.5% tax-adjusted cap rate, 10% pro forma cash-on-cash return, and 24% leveraged IRR. New ownership can complete the RUBS conversion to further reduce expenses while benefiting from over $1.5 million in recent capital improvements. Situated in the heart of the Mid-Cities, Royal Terrace enjoys exceptional connectivity to DFW Airport, major employers, and regional retail destinations, supporting long-term demand and sustained rent growth.