Gateway Place_Property for Sale
Gateway Place_Property for Sale
782 Gatewood Rd, Garland, TX, 75043-3387, US

Gateway Place

Asset Description

​​​​​​​Jones Lang LaSalle Americas, Inc. (“JLL”)  has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest for Gateway Place (the “Property”), a 142-unit asset located in Garland, TX. The Property is conveniently located just north of Interstate-30, providing accessibility to several natural amenities such as Lake Ray Hubbard and Audubon Park, as well as prominent employment hubs including Downtown and Uptown Dallas, The Telecom Corridor, Texas Instruments, and more, all within a 20-minute drive. Built in 1983, Gateway Place offers a unique community atmosphere characterized by two-story, low density living with a plethora of surrounding greenspace as well as expansive floorplans consisting of 1, 2 and 3-bedroom options. Additionally, the Property offers washer/ dryer connections in every unit, a new roof and upgraded windows, has no deferred maintenance, and includes a full upgrade of the common areas, enhancing convenience and providing a well-maintained living environment. Furthermore, Gateway Place provides an attractive opportunity to continue the proven value-add program by renovating the remaining 75% of units to bridge the $195 rental gap between the classic and renovated units.

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Attributes

Number of units
142
Occupancy
90.1%
Year built
1983
Building area net
121,658 sf
Land area gross
6.33 acres

Media

Investment Highlights

COMMUNITY AMENITIES

◊ Resort-Style Swimming Pool

◊ Lush Dog Park

◊ Convenient Package Receiving

◊ BBQ Grills and Picnic Area

◊ Carport Parking Available

◊ Controlled Gated Access


APARTMENT AMENITIES

◊ Energy Efficient Stainless Steel Appliances*

◊ Hardwood Style Flooring*

◊ Granite Countertops*

◊ Washer/Dryers*

◊ Spacious Walk-in Closets

◊ Fireplace*


*In select units

Gateway Place 4_Property for Sale
Gateway Place 4_Property for Sale

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Gateway Place (0 Properties)

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Last updated
10 Oct 2024