• New Construction Townhome Community – Delivered in 2024, Coronado Townhomes offers investors a newly built 20-unit asset with modern construction, limited near-term capital needs, and premium interior finishes designed to compete at the top of the Lakewood / East Dallas rental market.
• Rare Infill Location in Lakewood / East Dallas – The property is located at 7411 Coronado Avenue in one of Dallas’ most established and supply-constrained neighborhoods, benefiting from strong neighborhood identity, mature surroundings, and limited opportunities for comparable new development.
• Large-Format Townhome Product – The community consists entirely of 2-bedroom / 2.5-bathroom three-story townhomes averaging 1,692 square feet, offering a differentiated rental option with private entries and larger floor plans than much of the surrounding competitive set.
• Vacant Asset – The asset is currently vacant, providing investors the opportunity to acquire a high-quality new construction property prior to full stabilization and capture upside as occupancy increases and the rent roll matures.
• Attractive Renter Demographics – The surrounding area benefits from strong household income levels, including average household income of $141,577 within 1 mile and $120,345 within 3 miles, supporting demand for high-quality rental housing in this submarket.
• Access to Major Employment Hubs – Residents have convenient access to Downtown Dallas, the Baylor Medical District, Lower Greenville, and Deep Ellum, positioning the property well for professionals seeking a balance of neighborhood character and commute convenience.
• Walkable Access to Daily Retail – The property is near a strong mix of neighborhood-serving retail, including Whole Foods, Trader Joe’s, Sprouts, Target, restaurants, coffee shops, and fitness concepts, reinforcing the property’s live-work-play appeal.