915 Desco Lane
Property Description
THE PROPERTY Landings of Carrier Parkway is a 281-unit, garden-style multifamily community constructed in 2001 and positioned on approximately 15 acres in Grand Prairie, Texas. The Property offers a diverse unit mix of studio, one-, two-, and three-bedroom floor plans averaging 812 square feet. Residents benefit from a comprehensive amenity package highlighted by a recently renovated clubhouse, fitness center, yoga studio, resort-style pool with integrated grilling areas, dog park, community walking trail, and EV charging stations. The asset has been consistently maintained, with roughly $2 million invested in capital improvements to date by current ownership. THE OPPORTUNITY The Property presents a well-defined interior value-add opportunity. A portion of the units have been partially renovated with two-tone paint schemes and vinyl plank flooring, allowing for further upside through the addition of upgraded finishes, modern appliance packages, and updated lighting. The remaining classic units offer the ability to achieve estimated rent premiums of approximately $150–$200 per month, depending on floor plan, upon completion of full interior renovations. Additional revenue potential is available through the installation of in-unit washer and dryer sets, supporting an estimated $50 per month in incremental rent. FINANCING Landings of Carrier Parkway is being offered free and clear of existing debt. Contact Ralph Rader (rrader@greysteel .com) with the Greysteel Debt and Structured Finance team to discuss the most efficient financing options.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 281 |
| Year Built: | 2001 |
| Lot Size: | 15.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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