Summary:
The Multifamily Group is pleased to present the exclusive offering of Villa Encanto, a distinctive, investment opportunity in Dallas, Texas. Constructed in 1974, the property consists of 71 units averaging 625 square feet. The property has floorplans ranging from studios to three-bedrooms, the largest spanning 1,200 square feet. Villa Encanto has a current occupancy rate of 97%, surpassing the submarket average of 94%. The Northwest Dallas submarket has experienced strong rent growth, with effective rents increasing 6.3% year-over-year (Yardi). Villa Encanto is being offered free and clear of existing debt.
Location:
Villa Encanto is situated in Northwest Dallas, just north of Dallas Love Field Airport, in a thriving area with strong economic growth and major employers, including the Tesla Center. The property offers exceptional connectivity, located only a quarter mile from Loop-12, with easy access to Interstate-35 and the Dallas North Tollway. Residents enjoy a quick 10-minute commute to Downtown Dallas. The surrounding area boasts a median household income of over $75,000 within a five-mile radius (CoStar) and benefits from the business activity generated by Dallas Love Field. Within three miles, tenants have access to popular retailers and dining options such as Chick-fil-A, Starbucks, Sam’s Club, LOOK Dine-In Cinema, Trader Joe’s, and Pappasito’s. The nearby Maple Avenue, Oak Lawn, and Design District offer a vibrant mix of restaurants and nightlife, appealing to a diverse demographic. Additionally, Dallas was named the country’s number-one commercial real estate market for 2025.