Mountain Creek Townhomes

• 9 Townhomes and 9 Shovel Ready Lots for New Townhome Development

• Across From the Property Is a New 460-Acre Mixed-Use Development and Mountain Creek Business Park Housing Costco, Nestle, Ulta, Kimberly-Clark, and Others Employing 4,000 Workers

• 100% Occupied

• $71,179 3-Mile Median Household Income – CoStar

• Spacious 3-4 Bedroom Townhomes – 1,587-2,115 SF

• Easy Drive to Pre-K Through 12th Grade Schools, 3 Centers for Higher Education, and Joe Pool Lake

Property Description

Summary: The Multifamily Group is pleased to present the exclusive offering of Mountain Creek Townhomes, an exceptional opportunity in Dallas, Texas. Constructed in 2018 and 2007, the property consists of 9 three and four-bedroom townhomes with 9 shovel-ready townhome lots ready for new construction. The spacious townhomes average between 1,587 and 2,115 square feet. The property offers 7 floorplans and is currently 100% occupied, giving the new owner the advantage of acquiring a fully leased asset.   Value-Add: Similar products in the immediate area when upgraded command increased rents. Rents are currently under the market by ~$280/month. We suggest spending $10,000/unit on interior renovations for a total cost of $90,000. This would allow for a rent bump of $400/unit/month for an added monthly income of $3,600 creating an annual income increase of $43,200.   Location: Mountain Creek Townhomes is nestled in a lovely, quiet, wooded area of Dallas near several parks and Joe Pool Lake, but has the advantage of being 4 minutes from Interstate-20. Across from the property is a 460-acre mixed-use development and Mountain Creek Business Park housing companies such as Costco, Nestle, Ulta, and Kimberly-Clark employing 4,000 workers. The asset is located 16-miles southwest of downtown Dallas. Tom Thumb, Wal-Mart Supercenter, Jack-in-the-Box, Chick-fil-A, Starbucks, 7-11 and Quik-Trip are all within a 6 to 8-minute drive. All Pre-K through 12th grade Duncanville ISD schools are within an easy 5 to 7-minute commute. Three centers for higher education schools are nearby: Dallas International University - 0.5-miles, Dallas Baptist University - 4.4-miles, and Mountain View College - 6.5-miles. DFW International Airport and Dallas Love Field Airports are within a 29-minute drive. Joe Pool Lake with swimming, fishing, and boating is a short 10-minute drive. There are several parks around the lake, including Cedar Hill State Park. and Mountain Creek Lake is also a short 20-minute drive. Both lakes have golf courses. A decommissioned naval air station on Mountain Creek Lake received Dallas City Council’s approval for a $390MM master plan redevelopment featuring 2.5 million SF of office space and 110,000 SF of retail space. With all the perks of a new build and easy access to economic drivers, schools, and entertainment, Mountain Creek Townhomes are a perfect choice for families.