Casa San Luis
About This Property
Marketing description
Colliers is pleased to present the exclusive listing of Casa San Luis, a 63-unit multifamily community in north Dallas offering strong occupancy, below-market assumable agency financing, and clear rent growth upside. The property features a family-oriented unit mix, with approximately 66% of units comprised of large two- and three-bedroom floor plans, including 14 townhome-style three-bedroom units that support longer tenancy and resident stability.
With in-place rents below market, Casa San Luis offers immediate cash flow and a straightforward value-add opportunity through routine lease turnover. Combined with a rare Freddie Mac loan assumption at a below-market fixed rate, the property presents investors with an attractive cost-of-capital advantage and reduced financing risk in today’s market.
Investment highlights
- Family-Oriented Unit Mix Aligned with Submarket Demand Approximately 66% of Casa San Luis's 63 units are two- and three-bedroom layouts, the majority exceeding 1,000 SF, a configuration directly matched to the large household and multi-generational renter profile that defines demand in this neighborhood.
- Walking Distance to Elementary School Proximity to the area's elementary school is a material locational advantage, anchoring demand from family renters with school-age children and narrowing the competitive set in ways that support occupancy resilience.
- $201+ Rent Growth Runway At 88.9% occupancy and with neighboring comparables averaging more than $200 above current in-place rents plus utilities, the mark-to-market opportunity is straightforward and executable through exterior improvements and routine leasing strategy.
- ~$45,000 in Identified Utility Savings An independent assessment by SaveWaterCo identified approximately $45,000 in recoverable annual savings through targeted leak detection and remediation.
- Assumable Below-Market Freddie Mac Debt An existing Freddie Mac loan of $3,699,000 at 5.85% fixed is available for assumption through August 2030.
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