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309 SW 5th St
Grand Prairie, TX 787575
Driftwood Apartments
Offered at $1,425,000
Status: Sold
Type: Income
Units: 56
Cap Rate: 9.75
Living Area: 50000 Square Ft.
Lot Size: 60000


56 unit apartment - Grand Prairie, TX

The Driftwood Apartments are located close to the downtown Grand Prarie, TX, which is just south of I-30, halfway between Dallas and Fort Worth. The property consists of two, 2-story buildings totaling 56 units. Built in 1961 with a brick exterior, wood trim, and pitched roofs of composition shingles. Units have individual HVAC window units, electric ranges, disposals, frost-free refrigerators, wall to wall carpet, and are cable ready. There are 2 laundry rooms. The property is sub-metered, but the current owner elects to operate as an all bills paid property. Priced to sell! 100% leased! Huge cash flow.

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed. The owner is not making any warranties or representations concerning any of these properties including their availability. Information at this site is deemed reliable but not guaranteed and should be independently verified.

 
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