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.
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 |