Palisades at Bear Creek_Property for Sale
Palisades at Bear Creek_Property for Sale
200 Bear Creek Dr, Euless, TX, 76039-2026, US

Palisades at Bear Creek

Asset Description

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Palisades at Bear Creek (the “Property”) a 120-unit, low density community (12 units/acre) with exceptional amenities. The Property is conveniently situated between SH-121 and SH-360, offering easy access to various amenities and nearby employment centers such as DFW International Airport, Gaylord Texas, Southlake Town Square, Texas Health Harris Methodist HEB Hospital, and American Airlines Corporate Headquarters. Built in 1984, The Palisades at Bear Creek presents a unique opportunity to renovate nearly all the units at the Property and bridge the $165 delta between current effective rents and the competing properties. Additionally, the Property demonstrates high resident retention with 31% of residents living at The Palisades at Bear Creek for three years or longer.

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Attributes

Number of units
120 units
Occupancy
92.5%
Year built
1984
Building area net
8,417 m²
Land area net
4.05 ha

Media

Investment Highlights

COMMUNITY AMENITIES

  • Resort-Style Pool
  • State-of-the-Art Fitness Center
  • Cyber Cafe
  • Laundry Facility
  • Dog Park
  • Package Lockers
  • Shaded Playground
  • Basketball Court
  • Sand Volleyball Court
  • Securely Gated Community
  • All Two-Story Design
  • Walking Distance to Bear Creek
  • Elementary School


APARTMENT AMENITIES

  • Vaulted Ceilings*
  • Stainless Steel Appliances*
  • Faux Hardwood Flooring*
  • 2” Blinds
  • Balcony or Patio
  • Wood-Burning Fireplace*
  • Washer & Dryer Connections*
  • Covered Parking


*in select units

Palisades at Bear Creek 4_Property for Sale
Palisades at Bear Creek 4_Property for Sale

Contact brokers

Palisades at Bear Creek (0 Properties)

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Last updated
10 Jun 2024