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TOWN EAST

SUMMARY
Town East Apartment complex is made up of 15 buildings across 8.38 acres, allowing for plenty of on-site parking. Town East is located 20 minutes East of Dallas in a suburb called Mesquite which was placed among the best 25 places to live in Texas based on the quality of life, affordability, growth, food and parks in a study by Better Homes and Gardens Real Estate HomeCity. Renters make up 41% of Mesquite, Texas real estate, occupying a total of 19,154 units.

 

PROPERTY OVERVIEW
- 190 Units
- Purchase Price: $17.1MM
- Year of Construction: 1959
- Class C Property

BUSINESS PLAN
- Renovate 190 classic units to a higher standard
- Repaint the entire exterior so this property will have a fresh, new modern look
- Fix numerous deferred maintenance issues and add a few amenities tenants will enjoy


 

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