220 S. Jupiter Road

Property feature image
Address: 220 S Jupiter Rd, Garland, TX 75042, USA
Texas + Apartment Buildings
Created date: October 28, 2025
Date last updated: September 14, 2026

Property Description

THE PROPERTY La Puerta Lila is a 32-unit community in Garland, Texas, featuring ten one-bedroom homes averaging 704 SF and twelve two-bedroom homes ranging from 845 to 961 SF. The Property offers some of the most spacious floor plans in its class, contributing to strong leasing performance. Units feature a mix of classic, refreshed, and premium finishes. Operating on an all-bills-paid basis, the property is currently 100% occupied. Since acquisition, the current owner has invested approximately $705,000 in improvements, including new PVC plumbing, roofs, and windows. See CapEx list for full details. THE OPPORTUNITY The opportunity represents a strong yield play. Following the extensive CapEx plan completed in March 2025, units were put back online for lease, which progressed smoothly due to the spacious layouts and the appealing community and product created for tenants. Now stabilized at 100% occupancy with collections being stronger than ever, this asset is well positioned for continued success under new ownership. Approximately 87.5% of units have been renovated to some degree (see Unit Rehab Tracker), with 31% fully rehabbed and the remainder partially updated. This leaves room to capture additional rent growth through completion of remaining upgrades. THE DEBT The Property is being offered free and clear of existing debt. Please contact Ralph Rader ([email protected]) to discuss the most efficient financing execution.
Availabletick-green

Request Information

Broker Details

Farhad Nejad
Farhad Nejad

Greysteel 469-436-8556

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 32
Year Built: 1964
Opportunity Zone: No
Property Website Click Here
Address: 220 S. Jupiter Road, Garland, TX 75042, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

3711 South State Highway 161

3711 South State Highway 161

Grand Prairie, Texas
Texas + Apartment Buildings
Units: 366
118 Funston Pl

118 Funston Pl

San Antonio, Texas
Texas + Apartment Buildings
Price: $1,475,000
434 Buckingham Ave

434 Buckingham Ave

San Antonio, Texas
Texas + Apartment Buildings
Price: $280,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up