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|Building Area Net||
|Land Area Net||
|Number of units||478|
|Call for Offers||2022-03-29|
Jones Lang LaSalle Americas. Inc. or its state licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Hutton Creek and Keller Oaks (the “Portfolio” or “Properties”), consisting of 478 units located in Carrollton, Texas. The Properties enjoy remarkable access as they are situated two miles from the Dallas North Tollway and SH-161 providing convenient access to an abundance of neighboring retail and employment centers including the Platinum Corridor, Legacy Business Park, Village on the Parkway, and Galleria Dallas. Built in 1978-1979, Hutton Creek and Keller Oaks offer potential investors numerous value-enhancement opportunities through interior renovations and community amenity enhancements while simultaneously requiring little deferred maintenance.
ATTRACTIVE CLASS “B” COMMUNITIES WITH RECENT CAPITAL INFUSION – The Properties are well-maintained, Class B assets in low-density settings and featuring all two-story designs. The Portfolio is in excellent physical condition as current ownership has invested more than $3.2 million into Hutton Creek and $2.5 million into Keller Oaks, allowing a new owner the opportunity to focus capital improvements on potential interior improvements rather than having to cure any deferred maintenance.
CONTINUED VALUE-ADD OPPORTUNITY –
New ownership has the opportunity to add quartz countertops, new cabinet fronts, stainless-steel appliances, subway tile backsplash and faux wood flooring to 258 out of 258 units (100%).
New ownership has the opportunity to add quartz countertops, new cabinet fronts, stainless-steel appliances, subway tile backsplash and faux wood flooring to 171 out of the 220 units (78%).