Multi-Family Investment


SEC of Hwy 66 / Lakeview Pkwy and Edgewater Dr

5420, 5428 & 5510 Lakeview Pkwy | Rowlett, TX

Location: SEC of Hwy 66 / Lakeview Pkwy and Edgewater Dr
South side of Lakeview Parkway just east of President George Bush Tollway in Rowlett, Texas.
Great investment opportunity in the rapidly growing lakeside suburb of Rowlett, just minutes from Dallas. This 21-unit condo community offers a unique combination of strong current cash flow and significant upside potential.
Key Features:
High Occupancy: 100% occupied, with many long-standing tenants, demonstrating strong demand and tenant satisfaction.
Spacious Units: Each condo features large floor plans, private patios or balconies, fireplaces, and full-size washer/dryer connections, catering to modern tenant needs.
Value-Add Potential: Current rents are below market, providing an excellent opportunity to increase cash flow and achieve substantial equity growth.
Desirable Location: Located in a sought-after community near Lake Ray Hubbard, with easy access to local amenities, parks, and transportation.

Demographics:

1 mile 3 miles 5 miles
2024 Population 3,478 64,431 181,680
Households 1,202 22,625 61,572
Daytime Population 5,020 46,827 136,685
Average Household Income $130,303 $138,840 $126,976

Property For Sale


Available:

3 Multifamily Buildings
18,337 Rentable SF

Land:

1.4 Acres

Price:

Contact Broker

Parking:

48 spaces

Traffic Counts:

Hwy 66: 42,337 vpd
PGBT: 73,260 vpd
(TXDOT 2023)

Zoning:

Z339

For more information, please contact:

Bethany Williams

469-534-2350 (m) 972-961-8532 (o) bwilliams@ridgepcre.com

Request More Info

Marketing Brochure

Property Images:

Location Maps and Floor Plan: