531 South Belt Line Road, Grand Prairie, TX 75051 For Sale

SIGNIFICANT CAPITAL IMPROVEMENTS

Current ownership has invested over $1.3 million in capital improvements, including interior renovations to 100% of units, Alumicon electrical remediation, plumbing and mechanical upgrades, exterior painting, pool improvements, landscaping, lighting upgrades, and office renovations.

WORKFORCE HOUSING WITH OPERATIONAL UPSIDE

Casita Grove is a 123-unit workforce housing community with a unit mix weighted toward spacious two- and three-bedroom floor plans. Currently operating below stabilized occupancy, the Property offers a clear path to value through lease-up, operational improvements, and revenue optimization.

CENTRAL DFW WORKFORCE HOUSING LOCATION

Positioned along South Belt Line Road in Grand Prairie, the Property offers direct access to SH-161, Interstate 30, Highway 360, and Interstate 20. Residents benefit from convenient access to major regional employers, including General Motors, Amazon, and Lockheed Martin, as well as DFW International Airport.

ATTRACTIVE ASSUMABLE FANNIE MAE FINANCING

The Property is offered with assumable Fannie Mae financing featuring a 4 .94% fixed interest rate, a 2029 maturity, and an approximate $13.7 million outstanding loan balance, providing a buyer with highly leveraged, below-market agency debt and enhanced cash flow.