Multifamily
Westover on 80
3610 Anthony Driv, Mesquite, TX 75150
Listing Price: Request For Offer
Investment Overview
Westover on 80 in a 110-unit, individually metered community located in Mesquite, Texas along Highway 80 providing a convenient location for access to major employers, retail, or commuting into Core Dallas. Along with direct highway access, Town East Mall is located within 5 minutes and offers residents ample retail and restaurant options, as well as being an employer of over 3,000 people. Mesquite has a diverse set of economic drivers, and boasts an impressively low unemployment rate of 3.9%, but thrives in advance manufacturing and distribution sectors. This location, paired with Mesquite’s business-friendly and future-focused mindset, will continue to see upward pressure on workforce housing as more non-remote jobs are created here, like the 3,500 they added in 2025.
The subject property was built in 1983 and consists of 12 buildings, some 2 floors and some 3 floors, that are comprised of wood siding exteriors and pitched composition roofs on concrete slab foundations. The property is individually metered for electricity with copper wiring, and every unit enjoys 9-foot ceilings, individual HVAC, in-unit washer/dryer connection, and individual hot water heater. Resident amenities include a swimming pool, green space, covered parking, and an onsite clubhouse.
Westover on 80 allows a new owner the opportunity to buy a well-located 1980s vintage asset at an attainable price point with great leverage and 10%+ returns from day-one. The operations are stable with 95%+ occupancy and record collections. The current owner completed an extensive renovation that includes an exterior overhaul and upgrading 99 of the 110 units. In addition to the stable, in-place, cash flow, a new owner can improve current operations by improving the current lease trade outs ($21) despite 70% of units being at market rent and renting washer/dryer equipment to a portion of the units. The submarket is poised for continued growth as DFW expands eastward and Mesquite is a main beneficiary. Attractive new agency financing is available at 80%+ leverage as well.
Westover on 80
Investment Highlights
- Attractive 1980s Vintage Asset in Mesquite, Texas with 9-Foot Ceilings, W/D Connections & Individual Water Heaters in All Units with 95%+ Occupancy at a 6.3% Tax Adjusted Cap/9.5% C/C Returns Day-One
- Excellent Visibility & Immediate Access on Hwy 80 in Resilient Mesquite Submarket; Median HH Income is $72k in 1-Mile Radius & Avg Occupancy in Mesquite is 91% –Better Than All Surrounding Submarket
- Available Free & Clear of Existing Debt – Up to 80% LTV Agency Debt Available, Allowing for Stable Cash Flow and Yields from Purchase
- Operational Momentum – Strong Income Trend – Current Lease Trade Outs are $21 on Average and 70% of Units on Each Floorplan are Already at Market Rent or Higher; Fresh Business Plan and Capital Stack can Capture Even Better Increases
- Opportunity to Improve Returns with Strategic Additional Income Streams such as Leasing Washer/Dryer Equipment in Some Units
- Prior Owner Completed Major Capex Overhaul, Including Full Exterior Renovation and Upgrading 99/110 of Units; New Owner can Successfully Implement Business Plan Without a Major Capex Budget
- Strong Location in Mesquite Near Town East Mall, which Employs Over 3,000 Workers – Mesquite Enjoys Diverse Economic Drivers and Boasts an Unemployment Rate of Just 3.9% and Added Over 3,500 Jobs in 2025
Listing Price: Request For Offer
Investment Highlights
- Attractive 1980s Vintage Asset in Mesquite, Texas with 9-Foot Ceilings, W/D Connections & Individual Water Heaters in All Units with 95%+ Occupancy at a 6.3% Tax Adjusted Cap/9.5% C/C Returns Day-One
- Excellent Visibility & Immediate Access on Hwy 80 in Resilient Mesquite Submarket; Median HH Income is $72k in 1-Mile Radius & Avg Occupancy in Mesquite is 91% –Better Than All Surrounding Submarket
- Available Free & Clear of Existing Debt – Up to 80% LTV Agency Debt Available, Allowing for Stable Cash Flow and Yields from Purchase
- Operational Momentum – Strong Income Trend – Current Lease Trade Outs are $21 on Average and 70% of Units on Each Floorplan are Already at Market Rent or Higher; Fresh Business Plan and Capital Stack can Capture Even Better Increases
- Opportunity to Improve Returns with Strategic Additional Income Streams such as Leasing Washer/Dryer Equipment in Some Units
- Prior Owner Completed Major Capex Overhaul, Including Full Exterior Renovation and Upgrading 99/110 of Units; New Owner can Successfully Implement Business Plan Without a Major Capex Budget
- Strong Location in Mesquite Near Town East Mall, which Employs Over 3,000 Workers – Mesquite Enjoys Diverse Economic Drivers and Boasts an Unemployment Rate of Just 3.9% and Added Over 3,500 Jobs in 2025
Investment Overview
Westover on 80 in a 110-unit, individually metered community located in Mesquite, Texas along Highway 80 providing a convenient location for access to major employers, retail, or commuting into Core Dallas. Along with direct highway access, Town East Mall is located within 5 minutes and offers residents ample retail and restaurant options, as well as being an employer of over 3,000 people. Mesquite has a diverse set of economic drivers, and boasts an impressively low unemployment rate of 3.9%, but thrives in advance manufacturing and distribution sectors. This location, paired with Mesquite’s business-friendly and future-focused mindset, will continue to see upward pressure on workforce housing as more non-remote jobs are created here, like the 3,500 they added in 2025. The subject property was built in 1983 and consists of 12 buildings, some 2 floors and some 3 floors, that are comprised of wood siding exteriors and pitched composition roofs on concrete slab foundations. The property is individually metered for electricity with copper wiring, and every unit enjoys 9-foot ceilings, individual HVAC, in-unit washer/dryer connection, and individual hot water heater. Resident amenities include a swimming pool, green space, covered parking, and an onsite clubhouse. Westover on 80 allows a new owner the opportunity to buy a well-located 1980s vintage asset at an attainable price point with great leverage and 10%+ returns from day-one. The operations are stable with 95%+ occupancy and record collections. The current owner completed an extensive renovation that includes an exterior overhaul and upgrading 99 of the 110 units. In addition to the stable, in-place, cash flow, a new owner can improve current operations by improving the current lease trade outs ($21) despite 70% of units being at market rent and renting washer/dryer equipment to a portion of the units. The submarket is poised for continued growth as DFW expands eastward and Mesquite is a main beneficiary. Attractive new agency financing is available at 80%+ leverage as well.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
