Multifamily
Chapel Brook
9764 Webb Chapel Rd, Dallas, TX 75220
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Chapel Brook, a 204-unit multifamily community located in Dallas, Texas. The property offers multiple avenues for value creation through below-market rents, utility expense reductions, approximately $49,000 in projected annual laundry revenue, and a new reserved parking program. Ownership completed a major mechanical upgrade in 2021, replacing the former chiller system with individual HVAC units throughout the community and installing new electrical breakers in every unit. Investors can also assume the existing 3.25% loan with approximately 4.5 years remaining or pursue new financing with interest-only terms. Chapel Brook is ideally positioned near Dallas Love Field, Southwest Airlines Headquarters, UT Southwestern Medical Center, and Parkland Hospital, providing access to some of Dallas' largest employment drivers.
Chapel Brook
Investment Highlights
- Significant CapEx Already Carried Out with Over $4.08 Million in Improvements
- Long Term Ownership – Current Owner Has Owned the Property for 10+ Years
- New Income Streams – 9 Additional Ways to Improve Income
- Attractive Financing Options Available – Assumable 3.25% Loan, Over 4.5 Years Remaining
Listing Price: Request For Offer
Investment Highlights
- Significant CapEx Already Carried Out with Over $4.08 Million in Improvements
- Long Term Ownership – Current Owner Has Owned the Property for 10+ Years
- New Income Streams – 9 Additional Ways to Improve Income
- Attractive Financing Options Available – Assumable 3.25% Loan, Over 4.5 Years Remaining
Investment Overview
Marcus & Millichap is pleased to present Chapel Brook, a 204-unit multifamily community located in Dallas, Texas. The property offers multiple avenues for value creation through below-market rents, utility expense reductions, approximately $49,000 in projected annual laundry revenue, and a new reserved parking program. Ownership completed a major mechanical upgrade in 2021, replacing the former chiller system with individual HVAC units throughout the community and installing new electrical breakers in every unit. Investors can also assume the existing 3.25% loan with approximately 4.5 years remaining or pursue new financing with interest-only terms. Chapel Brook is ideally positioned near Dallas Love Field, Southwest Airlines Headquarters, UT Southwestern Medical Center, and Parkland Hospital, providing access to some of Dallas' largest employment drivers.
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