Overview
Landings of Carrier Parkway is a 281-unit, garden-style multifamily community constructed in 2001 and positioned on approximately 15 acres in Grand Prairie, Texas The Property offers a diverse unit mix of studio, one-, two-, and three-bedroom floor plans averaging 812 square feet Residents benefit from a comprehensive amenity package highlighted by a recently renovated clubhouse, fitness center, yoga studio, resort-style pool with integrated grilling areas, dog park, community walking trail, and Ev charging stations The asset has been consistently maintained, with roughly $2 million invested in capital improvements to date by current ownership.
Investment Highlights
The Property presents a well-defined interior value-add opportunity A portion of the units have been partially renovated with two-tone paint schemes and vinyl plank flooring, allowing for further upside through the addition of upgraded finishes, modern appliance packages, and updated lighting. The remaining classic units offer the ability to achieve estimated rent premiums of approximately $150–$200 per month, depending on floor plan, upon completion of full interior renovations Additional revenue potential is available through the installation of in-unit washer and dryer sets, supporting an estimated $50 per month in incremental rent.
Landings of Carrier Parkway is strategically located in Grand Prairie between Interstate 30 and Interstate 20, providing direct connectivity to both Dallas and Fort worth and seamless access to the broader DFW Metroplex. The Property benefits from proximity to major transportation corridors, employment centers, and regional demand drivers, making it well positioned to capture sustained renter demand within a core infill location.
PROPERTY DETAILS
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