About the Property
The Belterra Apartments was acquired by The ValCap Group in August of 2019 for $50M – 314 units residing at 13015 Audelia Rd, Dallas TX – it lies in a rapidly growing area bordering bustling city of Dallas and its suburb, the city of Richardson. Close to major retail areas such as Lake Highlands Town Center, Creekside Development, Northpark Mall, and corporate campuses like Texas Instruments and Fossil, this property provides a fantastic spot to grow personally and professionally. The community offers a quiet and serene retreat from the busy streets with two on-site swimming pools, an outdoor kitchen to enjoy the beautiful weather, a cyber cafe with Wi-Fi, and resident lounge for all needs. The upgraded units will include amenities such as black appliances, fireplaces, faux wood flooring, and modern lighting packages to name a few. Each floor plan will accommodate all tastes and will be sure to dazzle. The property was built in the 1982 and were not upgraded to the current standards for the area until now; ValCap’s large budget will allow for in-unit washer and dryer connections to be added, implementation of higher-end interior features, and new property amenities such as valet trash and covered parking options. We anticipate a hold of between 3-5 years as we slowly upgrade the complex to take advantage of the growth in this Dallas neighborhood.
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: 2019
- Units: 322
- Location: 13015 Audelia Rd Dallas TX 75243