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2460 Doreen Street, Grand Prairie, TX, 75050

2460 Doreen Street

$1,465,000

Key Information

Cap Rate
7.97%
$ per SF
$135
Tot. SF
10,832
Units
8
Type
Apartments
Occupancy
100%
NOI
$116,781

Highlights

• Large, Townhome-Style Floor Plans — Spacious units with private patios, a layout uncommon at this unit count and a strong differentiator versus typical garden-style product
• Strong In-Place Performance — Proven rents supporting a high in-place cap rate, minimizing lease-up risk for a new owner
• Significant Recent Capital Investment — Approximately $25,000 per unit invested since 2023, including a new roof, HVAC replacement, and heavy renovations across 7 of 8 units
• Remaining Value-Add Upside — One unit has yet to be renovated, offering a clear, low-risk path to additional rent premium through a light value-add turn
• Strong Surrounding Demographics — Median household income of approximately $60,000 within a 5-mile radius
• 100% Occupied — Fully leased as of underwriting, providing immediate, stabilized in-place cash flow

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204