Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Chivas West, a 72-unit apartment community located in Irving, Texas. The property offers a compelling value-add opportunity following long-term ownership with limited interior renovations, allowing new ownership to modernize units and drive rental rate growth. Significant capital improvements totaling more than $360,000 have already been completed, including a newly installed chiller system, roof replacements, and exterior upgrades, reducing near-term capital requirements. Additional upside exists through a water conservation program projected to generate approximately $105,000 in annual expense savings. Positioned near major employment drivers including the Wells Fargo campus, Frito-Lay, Dr Pepper, and DFW Airport, Chivas West benefits from strong regional demand and excellent connectivity, making it a highly attractive investment opportunity in the Irving submarket.