1900 Kingsley Drive
Garland, TX 75041
122 Units - Garland, TX
Offered at $3,700,000
Status: Active
Type: Income
Units: 122
Cap Rate: 8.5
Living Area: 76020 Square Ft.
Lot Size: 2.99 Acres


122 Unit - Cash Flow Property
Garland, TX


Kingsley Crossing Apartments - Garland, TX

This solid 122 unit apartment has been renovated by the current owner and will require minimal maintenance for a new investor. The property is operated as an all bills paid property but could be put on a RUBS program for additional income and reduced expenses.

The structure has 11, two-story buildings under pitched composition roofs about 5 years old. The two pipe Chiller systems both are in excellent condition as they have recently been installed.

As of 7-7-07, occupancy is 92%.

Great cash flow and great price per unit!

Click on Analysis and Rent Roll above for financials!

More than 222,650 people live in Garland, making it the 10th largest city in Texas, and the 83rd largest in the United States. The City is 15 miles northeast of downtown Dallas, and bordered by Interstate 635, Interstate 30, and U.S. 190. The DART Light Rail Line bisects the city with two stations, one at Forest Lane and Jupiter Road and one in Historic Downtown Garland. D/FW International Airport is 30 minutes away. Despite all of these metroplex conveniences, Garland still offers a comfortable, hometown atmosphere to a diverse, thriving citizenry.

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