Living / Multi-housing

Landing at Mansfield

1701 Towne Crossing Blvd, Mansfield, TX, 76063-3975, US

Landing at Mansfield_Property for Sale


Landing at Mansfield 2_Property for Sale

Asset description

Value-Add Opportunity

  • 107 “Classic” units or 32% of the Property have white appliances, laminate countertops, and carpet floors in living areas
  • 201 units or 60% of the Property have received a light upgrade that includes stainless steel appliances, faux wood floors, and 2” blinds
  • 28 “Premium” units have stainless steel appliances, new cabinet fronts with pulls as well as quartz counter tops with under-mounted sinks in kitchen and bathrooms, new LED lighting, wood floors, 2” blinds, and USB outlets
  • Washer/dryer sets can be added to 182 units


Number of units
336 units
Year built
Building area Net
287,616 sf
Land area Net
18.68 acres (813,570 sf)

Investment highlights

Opportunity to Increase Rents

  • $237 discount to the competitive set
  • $190 discount to 2000+ built product in the submarket
  • 9.5% rent growth in the submarket over the previous 12 months
  • 9.9% projected rent growth over the next 12 months

Strong Surrounding Demographics

  • $129,002 average household income within a 3-mile radius
  • $306,182 average value of within a 3-mile radius
  • Population of Mansfield has increased 29% since 2010

Significant Neighboring Demand Drivers

  • Adjacent to Mansfield Towne Crossing, Mansfield Town Center, and Mansfield Pointe Shopping Center
  • Located less than five miles from Methodist Mansfield Medical Center with over 1,400 employees
  • Major employers in the immediate area include Mouser Electronics Corporate Headquarters, Lockheed Martin Missiles & Fire Control, American Airlines Corporate Headquarters, and the Great American Southwest Industrial Park
  • Approximately 20 minutes from the Fort Worth CBD

Premier School District

  • Mansfield Independent School District is ranked top 5% in the state and country
  • Every school that the Property feeds into received an “A” ranking according to

Landing at Mansfield 4_Property for Sale
Landing at Mansfield 4_Property for Sale

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Last updated
Dec 2, 2022