About the Property
The ValCap Group just recently acquired our third value-add multifamily deal in Dallas in September – 424 units at 11515 Leisure Dr, Dallas TX – a fantastic sub-market north of the metro. This property lies just over 5 miles from some of the most sought-after Zip Codes in the DFW Metroplex, making it a hotspot for young professionals and experienced corporate veterans alike. It offers the quality and comfort residents come to expect from Dallas, with stained concrete floors, stainless steel appliances, and a large pet-friendly park as just a few of the many amenities that make this property great. It’s tucked away in Northeast Dallas and provides easy access to major highways for easy traveling. Dallas continues to outperform other large metros in job production and population growth, meaning a consistent influx of residents to the city. ValCap’s budget of $3.9M will allow for the refurbishment of 60% of the units and its exterior, and will elevate this asset to a competitive position in the Class B submarket. We aim to bring this property up to a “best-in-class” level for the market, curing all deferred maintenance, upgrading the common areas, and fully renovating the interiors.
We are always open to growing our investor list here at ValCap. In addition to investing our own capital, we are inviting our “friends and family” to join us in this promising investment. Contact Nicholas Trajcevski, our Acquisitions Specialist at [email protected] for more information.
- Acquisition Date: 9/2019
- Disposition Date: 8/2022
- Units: 424
- Location: 11515 Leisure Dr, Dallas TX 75243