FULLY APPROVED BTR CONSTRUCTION PROJECT
62-Unit BTR Condo Site | Fully Approved | Zero Entitlement Risk | Dallas, TX
Marketing description
This is a land sale — fully entitled and ready to construct.
Maitri Partners, LLC is offering a 2.75-acre parcel at 7515 Chaucer Place, Dallas, TX 75237, fully approved by the City of Dallas for a 62-unit Build-to-Rent condominium community in the Wolf Creek submarket of Southwest Dallas. The $1,500,000 asking price includes all completed pre-development work — architectural drawings, civil plans, MEP, SWPPP, plat, and City-approved vertical and horizontal entitlements. Permits are issued and ready to be pulled for an estimated fee under $8,000.
The owners have completed the full pre-development cycle but do not have the construction bandwidth to execute the vertical phase. For a qualified buyer, the path forward is simple: acquire and mobilize. Zero entitlement risk. No soft cost exposure.
LOCATION
Situated northeast of the I-20 / Hwy 67 interchange in Southwest Dallas — 2 minutes to both highways, approximately 15 minutes to Downtown Dallas, and under 1 hour to Fort Worth, Arlington, and Irving. The renter demographic draws from key employment hubs including Dallas, Duncanville, DeSoto, Cedar Hill, and Fort Worth.
MARKET
The South Dallas submarket is experiencing a 23% population increase with limited modern residential inventory. DFW submarket occupancy remains above 93% and Southeast Dallas has seen 10%+ rent growth. The project's target rent of ~$2,000/month sits 23% below the market median of $2,600/month — providing a strong absorption buffer. Dallas Housing Authority is active in this submarket, supporting a stable long-term renter base.
DUE DILIGENCE PACKAGE AVAILABLE
Full architectural plans, civil plans, MEP, CAD files, SWPPP, plat, pro forma, and investor deck. GC introduction available upon confirmed interest.
Contact: Bobby Rana | 214-777-2288 | Owner: Maitri Partners, LLC
Investment highlights
LOCATION HIGHLIGHTS
• ~2 minutes from Hwy 67 and I-20 (northeast of the 20/67 interchange)
• ~15-minute drive to Downtown Dallas | Under 1 hour to Fort Worth, Arlington & Irving
• Strong rental corridor with direct access to Dallas, Duncanville, DeSoto, Cedar Hill, and Fort Worth
• Favorable submarket supported by Dallas Housing Authority (DHA) rental demand
• Historically stable tenant base — lower vacancy and maintenance needs
• Adjacent to Shops at RedBird, Ronald E. McNair Elementary, and Danieldale Park
DEVELOPMENT DETAILS
• 2.75-Acre Site | 62 Units Approved by City of Dallas
• Unit Type: 2 Bed / 2 Bath | Avg. ~1,385 SF | 2-Car Garage + Concrete Driveway per Unit
• Premium Finishes: Quartz countertops, modern appliances, energy-efficient fixtures
• Vertical & Horizontal Plans Fully Approved
• Permits Ready to Pull — est. fees under $8,000
• Full Drawing Set Available: Plat, Civil, SWPPP, Architectural, Renderings, MEP, CAD
• Reputable GC has reviewed the project and is available to engage immediately
• Buyer may choose to replan or pursue an alternative development strategy
FINANCIAL OVERVIEW
• Asking Price: $1,500,000 — includes all development work completed to date
• Est. Total Development Cost: $14M–$15M (excl. land, based on efficient construction)
• Target Rent: ~$2,000/mo | DFW Market Median: $2,600/mo
• Submarket Occupancy: >93% | Southeast Dallas Rent Growth: 10%+
• Exit Strategy: Unit sales or bulk sale to Multifamily REIT (1–5 yr horizon)
ADDITIONAL NOTES
• Market study available (AI-generated; buyers should conduct independent analysis)
• No soil report or as-built appraisal has been completed
• Pro forma and investor deck available upon request
• GC introduction available upon confirmed interest
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