Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1984
Building Area Net
Land Area Net ()
Rentable Area
Number of units 92
Occupancy 91.0 %
Call for Offers

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Trinity Park Apartments (the “Property”), a 92-unit asset located in Irving, TX. Positioned along the highly trafficked Rock Island Road, the Property offers excellent access to several large employment centers including DFW International Airport, the Great Airport, Las Colinas, and downtown Dallas. New ownership is given the opportunity to implement a full value-add program to increase rents. In addition, the submarket posted an average current occupancy of 96.9% with 17.0% rent growth over the last year and a five-year average rent growth of 5.6%. Historically, the Property has had low turnover rate, as 39% of the residents have lived at the Property for 3+ years, providing new ownership the opportunity to turn the rent roll.

Investment highlights

COMMUNITY AMENITIES:

» Refreshing Swimming Pool

» Children’s Playground

» Multiple Picnic Areas

» Low Density Setting

» Leasing Office

» Courtyard

» Laundry Facilities

APARTMENT FEATURES:

» Full Size Washer and Dryer Hookups

» Dishwasher

» Refrigerator

» Efficient Appliances

» Balcony/Patio

» Plank Flooring*

» Spacious Closets*

» Den*

» Breakfast Nook*

*in select units

Last Updated Date: 20 Sep 2022

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Last Updated Date: 20 Sep 2022

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