Retreat at Lake Highlands — Sale in Dallas, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Dallas, TX 75243

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Description

Marcus & Millichap is pleased to present the exclusive listing of Retreat at Lake Highlands, a 127-unit apartment community located in Dallas, Texas. The property offers a compelling value-add opportunity through renovation of the remaining 34 classic units, with upgrades projected to achieve meaningful rent premiums while increasing long-term asset value. Additional upside exists through expansion of the existing washer and dryer leasing program, leveraging full-size washer/dryer connections already present in every residence. Retreat at Lake Highlands has historically maintained approximately 92% occupancy, demonstrating stable operations and consistent cash flow performance. The property features a highly desirable unit mix dominated by spacious two-bedroom floor plans averaging 927 square feet with 9-foot ceilings and select vaulted ceilings. Located within the highly regarded Richardson ISD and minutes from Texas Instruments’ global headquarters, Medical City Dallas, Texas Health Presbyterian Hospital, Dallas College Richland Campus, and the Richardson Telecom Corridor, the property benefits from exceptional employment drivers and long-term housing demand fundamentals. Investment Highlights: • 34 remaining classic units offer proven renovation upside with projected rent premiums • Historical occupancy averaging approximately 92% demonstrates durable resident demand • Located near Texas Instruments, Medical City Dallas, and the Richardson Telecom Corridor

Market Context

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