Investment Highlights
Mission Ranch Apartments is located along US Highway 80 in the Dallas suburb of Mesquite, Texas. Mission Ranch is prominently situated near Belt Line Road on US Highway 80 with direct access to the Dallas CBD and excellent exposure to heavy drive-by traffic totaling more than 100,000 vehicles per day. Additionally, Mission Ranch is in proximity to three million square feet of shopping and retail including Town East Mall, a 1.25 million-square foot regional center that was renovated in 2005. Nearby retailers include Walmart Supercenter, Home Depot, PetSmart, Gander Mountain, Best Buy and more.
All 295 homes at the property are in near classic condition, so the opportunity remains to bring all units at the property to a consistent, higher-end finish level, and make select, accretive upgrades to the exteriors and amenity spaces. Additional value can be unlocked at the property by installing washer & dryer machines into all the homes.
Property Highlights
Completed in 2000 by Advenir, the garden-style community consists of 295 units. Mission Ranch offers an ideal mix of one-, two and three-bedroom apartments with spacious floor plans and airy 9’ ceilings in all the homes. Additionally, all units are equipped with private balconies and patios. Potential amenity enhancements and upgrades include fitness center renovation, converting the laundry room to a pet wash station, new pool furnishings as well as improving the landscaping around the property.
Community Amenities & Unit Amenities
• Controlled Access Gate
• Resort style pool
• 24-Hour Fitness Center
• Dog Park
• Clubhouse complete with remodeled gathering room, caterer’s kitchen, and lounge
• 9-Foot ceilings in all units
• Private patios & balconies in all units
• Washer and dryer connections in all units
