Investment Highlights
– Upgraded Units are Currently Achieving $110 Premiums
– Amazon, Wayfair, and Other Major South Dallas Distribution Centers Located Nearby
– Oak Cliff and Bishop Arts are 15 Miles from the Property
– Positioned in South Dallas off I-35 Allowing Easy Access to All Points of the D/FW Metroplex
Marcus & Millichap is pleased to announce the exclusive listing of Pleasant Creek, a 159-unit offering in Lancaster, positioned just 15 minutes south of downtown Dallas. Built in 1983, Pleasant Creek offers an outstanding value-add opportunity through interior upgrades. The property is proximate to Interstate 35E, offering quick access to the South Dallas distribution centers along the I-20 corridor and minutes from downtown Dallas’ thriving Business District.
Pleasant Creek presents the new investor an outstanding value-add opportunity. The existing upgrade program includes faux-wood flooring, resurfaced countertops, cabinets, new fixtures, and updated lighting. Upgrades have been completed on 50% of the units and are currently achieving premiums up to $110.
The property is approximately five miles from the Interstate 20/Interstate 35E interchange. Pleasant Creek’s location near major thoroughfares provides residents convenient access to the Dallas CBD and more than 148,000 jobs in just minutes. The asset is proximate to the South Dallas Distribution hub with easy access to the I-20 corridor comprised of new warehouses, distribution, and fulfillment facilities.
The property is being offered on an ALL CASH or ASSUMPTION basis, allowing investors to take advantage of today’s historically low-interest rate environment.
Pleasant Creek Apartment Homes - 1255 West Pleasant Run RD, Lancaster, Texas 75146
