Rowan Multifamily Advisors is pleased to exclusively present the Esperanza Apartments. Esperanza sits on 3.17 acres in North Dallas, off of Esperanza Road, at the convergence of two of the largest highways in the metroplex – Us Highway 75 and Interstate 635. The property was constructed in 1965 and consists of 71, one- and two-bedroom units averaging 900 square feet per unit. The current owner has injected over $1 million in capital into the property.
Investment Highlights
•Strong Location in Far North Dallas – $60,000 Median Household Income
•40 Units Upgraded Achieving $160 Rental Premiums
•Located in Award Winning Richardson ISD
•Over $1 Million of CapEx infused in the past year
•Renovations include converting the property to individual HVAC units
•Situated at the Convergence of Highway 75 and I-635