817-932-6100
4328 Duck Creek Dr, Garland, TX for Sale
Apartments - FOR SALE
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4328 Duck Creek Dr
Garland, TX 75043


HIGHLIGHTS

  • $2.26 million in recent capital improvements significantly reduces near-term capital requirements
  • 90 remaining classic units plus covered parking and bulk internet programs create substantial value-add upside
  • Located near Lake Ray Hubbard, Duck Creek Trail, and major regional employment centers

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of Serena Vista, a 130-unit apartment community located in Garland, Texas. The property offers multiple avenues for value creation, including continuation of a successful interior renovation program across 90 remaining classic units, where upgraded residences currently achieve approximately $100 monthly rent premiums. Additional upside exists through implementation of a bulk cable and internet program projected to generate more than $43,000 in annual net income, as well as the introduction of covered reserved parking to capitalize on demonstrated resident demand. Ownership has already invested approximately $2.26 million in property-wide improvements, including extensive interior and exterior upgrades and a complete rebranding effort, significantly reducing execution risk and near-term capital requirements. Serena Vista also benefits from a desirable unit mix with 64% two- and three-bedroom floor plans and a highly accessible location near Lake Ray Hubbard, Duck Creek Trail, major employers, and key transportation corridors throughout the Dallas-Fort Worth Metroplex.

FOR SALE DETAILS

PRICE

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# OF UNITS

130

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Serena Vista

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

252

LAND DETAILS

LAND ACRES

7.19 AC

LAND SF

313,153 SF

ZONING

PD

APN/PARCEL ID

26180460020230000

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.