4288 Bass Pro Dr - Apartments FOR SALE


Garland, TX 75043
$3,250,000 USD
214-663-4236
4288 Bass Pro Dr, Garland, TX for Sale
$3,250,000 USD
Apartments - FOR SALE
1/11
null | 6.35% Cap Rate

4288 Bass Pro Dr
Garland, TX 75043


HIGHLIGHTS

  • The Windward II Condominiums are a 28-unit complex with a strong unit mix.
  • The exterior has been fully renovated with a new roof, siding replaced, and the majority of the HVAC and water heaters recently replaced.
  • Significant upside via $245 worth of room to increase rents.
  • Top story units are all loft style with 20-foot-high ceilings.
  • Developed as condos, all units have ample closet space, W/D, some have wet bars, and wood fire places.

OVERVIEW

Windward II Condominiums is a 28-unit complex located less than 2 miles from Lake Ray Hubbard in Garland, TX. The area is a hub of waterfront activities, golf courses, parks, restaurants/nightlife, shopping, and other entertainment amenities. It is conveniently located 40 minutes away from both DFW International Airport and Dallas Love Field Airport and just 17 miles east of downtown Dallas near the Intersection of Interstate 30 and the President George Bush Turnpike. The subject property is situated two miles from the upcoming billion-dollar mixed-use Sapphire Bay development featuring a one-of-a-kind waterfront resort destination. Windward II Condominiums are a 5-minute drive to Sapphire Bay, home to a full-service marina and a billion-dollar mixed-use development that will be branded as “a unique, experiential, water-themed destination.” The community will be anchored by Sapphire Bay Resort, which will join Hyatt’s Destination Hotels brand, a six-acre crystal lagoon, spa, conference center, 1.4 million square feet commercial lease space, and a surf and beach club featuring a competitive quality surfing venue. Sapphire Bay Marina members will have direct access from the Marina District, and Lake Ray Hubbard boaters, sailors, and PWC enthusiasts will have access to the development amenities through the marina. Broker of Record Patrick Graham, License No. 9005919 (TX) | (866) 889-0550 | Matthews Real Estate Investment Services, Inc | 8300 Douglas Ave., Ste. 750, Dallas, TX 75225

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

28

PRICE/UNIT

$116,071

CAP RATE

6.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Windward II Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,044 SF

ZONING

Z85

APN/PARCEL ID

26178300010031000

ASK ABOUT THIS PROPERTY

Kevin DienerMatthews Real Estate Investment ServicesMore Info
214-663-4236

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Kevin DienerMatthews Real Estate Investment ServicesMore Info
214-663-4236

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.