Living / Multi-housing

Brownstone Townhomes, The

400 Pecan Bend Dr Bedford, Texas United States 76022-6242
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1985
Building Area Net
Land Area Net ()
Rentable Area
Number of units 140
Occupancy 94.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Brownstone Townhomes (the “Property”), a 140-unit asset located in Bedford, TX. Positioned in the Hurst/Euless/Bedford (“HEB”) submarket, the Property offers excellent access to several large employment centers including DFW International Airport, Texas Health HEB, and the Great Southwest Industrial Park. In addition, the HEB submarket posted an average current occupancy of 96.5% with 18.2% rent growth over the last year. This trend should continue as the HEB submarket has only one new project in the pipeline which sits outside of the city of Bedford. The demographic base surrounding the Property is also strong, with an average income within a five-mile radius of $111,862.

Investment Highlights

COMMUNITY AMENITIES:

» Sparkling Swimming Pool

» Modern Clubhouse

» Spacious Dog Park

» BBQ/Picnic Area

» Covered Parking & Carports

APARTMENT FEATURES:

» 100% Townhome Floorplans

» Every Unit has Garage with Tandem

Space, Direct Access in Some

» Spacious Average Unit Size of 956 Square Feet

» Ideal Distribution of Floorplan Sizes with mostly Two Bedrooms

» Stainless Steel Appliances*

» Brushed Nickel Fixtures*

» Stylish Tile Backsplash in Kitchen*

» Wood Burning Fireplace

» Washer/Dryer in Unit*

» Washer/Dryer Connections

» Carpet in Living Areas

*in select units

Last Updated Date: 23 Sep 2022

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Last Updated Date: 23 Sep 2022

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