5501-5505 Lake Hubbard Pky - Apartments FOR SALE


Garland, TX 75043
$1,800,000 USD
817-312-1388
5501-5505 Lake Hubbard Pky, Garland, TX for Sale
$1,800,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

5501-5505 Lake Hubbard Pky
Garland, TX 75043


HIGHLIGHTS

  • MANAGEABLE INVESTMENT SCALE
  • VALUE-ADD POTENTIAL
  • RECREATION & LIFESTYLE AMENITIES
  • STRATEGIC CONNECTIVITY
  • INDIVIDUAL CONDO EXIT STRATEGY
  • ATTRACTIVE RENT POSITIONING

OVERVIEW

West Point Condominiums is a 19-unit multifamily community located at 5501 & 5505 Lake Hubbard Parkway in Garland, Texas. Built in 1982, the property spans two garden-style buildings. Units are offered in one- and two-bedroom layouts, averaging 834 square feet, for a total rentable area of 15,844 square feet across a 1.12-acre site. The community offers a comfortable living environment supported by essential in-unit features and convenient regional access. Positioned near I-30 and I-635, residents benefit from seamless connectivity to Downtown Dallas and surrounding employment centers. The location also places the property near Lake Ray Hubbard, schools, shopping, healthcare, and cultural amenities, reinforcing its appeal to a broad renter base. West Point Condominiums presents a compelling value-add opportunity. Interior upgrades could drive rental premiums, aligning the property with broader submarket growth. Its individually platted units create flexibility for ownership or disposition strategies, while the property’s proximity to ongoing development along Lake Ray Hubbard highlights long-term potential for investors.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

19

PRICE/UNIT

$94,737

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westpoint Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

SF

APN/PARCEL ID

2617867000C000112,26671000000A00101,26671000000A00102,26671000000A00103,26671000000A00104,26671000000A00105,26671000000A00106,26671000000A00201,26671000000A00202,26671000000A00203,26671000000A00204,26671000000A00205,26671000000B00107,26671000000B00108,26671000000B00109,26671000000B00110,26671000000B00207,26671000000B00208,26671000000B00209,26671000000B00210

ASK ABOUT THIS PROPERTY

Stephen FithianSVN | Trinity AdvisorsMore Info
817-312-1388

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Stephen FithianSVN | Trinity AdvisorsMore Info
817-312-1388

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