Coronado Townhomes
Multifamily | 20 Units
Marketing description
Matthews is pleased to present Coronado Townhomes, a newly constructed 20-unit townhome community located at 7411 Coronado Avenue in Dallas, Texas. Delivered in 2024, the property offers investors a high-quality, modern multifamily asset with limited near-term capital needs, premium interior finishes, and a differentiated large-format townhome product within the established Lakewood / East Dallas submarket.
The community consists entirely of spacious 2-bedroom / 2.5-bathroom three-story townhomes averaging approximately 1,692 square feet. Each residence features private entries, open-concept living areas, quartz countertops, LVP flooring, 11-foot ceilings on the second floor, oversized walk-in showers, and double-vanity primary suites. The property is currently vacant, providing investors the opportunity to acquire a newly built asset prior to full stabilization and capture upside as occupancy increases and the rent roll matures.
Positioned in one of Dallas' most established and supply-constrained infill neighborhoods, Coronado Townhomes benefits from strong household demographics, including average household income of $141,577 within one mile and $120,345 within three miles. Residents enjoy convenient access to Downtown Dallas, the Baylor Medical District, Lower Greenville, Deep Ellum, and White Rock Lake, along with nearby daily-needs retail including Whole Foods, Trader Joe's, Sprouts, Target, restaurants, coffee shops, and fitness concepts.
Investment highlights
- Delivered in 2024, Coronado Townhomes offers investors a newly built 20-unit asset with modern construction, limited near-term capital needs, and premium interior finishes designed to compete at the top of the Lakewood / East Dallas rental market.
- The property is located at 7411 Coronado Avenue in one of Dallas' most established and supply-constrained neighborhoods, benefiting from strong neighborhood identity, mature surroundings, and limited opportunities for comparable new development.
- The community consists entirely of 2-bedroom / 2.5-bathroom three-story townhomes averaging 1,692 square feet, offering a differentiated rental option with private entries and larger floor plans than much of the surrounding competitive set.
- The asset is currently vacant, providing investors the opportunity to acquire a high-quality new construction property prior to full stabilization and capture upside as occupancy increases and the rent roll matures.
- The surrounding area benefits from strong household income levels, including average household income of $141,577 within 1 mile and $120,345 within 3 miles, supporting demand for high-quality rental housing in this submarket.
- Residents have convenient access to Downtown Dallas, the Baylor Medical District, Lower Greenville, and Deep Ellum, positioning the property well for professionals seeking a balance of neighborhood character and commute convenience.
- The property is near a strong mix of neighborhood-serving retail, including Whole Foods, Trader Joe's, Sprouts, Target, restaurants, coffee shops, and fitness concepts, reinforcing the property's live-work-play appeal.
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