Park Lane Terrace
6808 Larmanda St, Dallas, TX 75231
An exceptional garden-style two story apartment community spread over 9 acres in the Lake Highlands submarket of Dallas. The Community is adjacent to Top Golf and the new Alamo Drafthouse. Previous ownership had never repositioned this asset and it is ready for a substantial value-add. The building is just a few miles from Richardson, Lakewood, The Shops at Park Ln and The NorthPark Center.
- 152 units
- 130,219 sq ft
- Redevelopment Opportunity
- The deal was negotiated off market and acquired at a healthy discount.
- Value-Add potential
- 34% upside potential in gross rents
- Excellent unit mix with the majority being large two and three-bedrooms
- Strong Lake Highlands submarket