Trinity Park
2700 Rock Island Road, Irving, TX 75060
Investment Opportunity A 92-units – Apartment Community in Irving, Texas
Our Team
Our dynamic team has over 40+ years of experience. This team has gone full cycle on over 50 Multifamily assets, specializing in the Texas market.
The Market
Irving, TX is 1st best City to buy investment property, top 3 best Cities to start business in the U.S, top 25 best places to live in Texas, and top 75 Cities with the lowest Cost of Living in America.
The Property
Trinity Park Apartments is a 92-unit asset located in Irving, TX. Positioned along the highly trafficked Rock Island Road, the Property offers excellent access to several large employment centers including DFW International Airport, the Great Southwest Industrial Park, Dallas Love Field Airport, Las Colinas, and downtown Dallas. The property is built in 1984, amenity rich asset in a desirable location. Significant value-add opportunity through continued unit enhancement and other income opportunities.
COMMUNITY AMENITIES:
» Refreshing Swimming Pool
» Children’s Playground
» Multiple Picnic Areas
» Low Density Setting
» Leasing Office
» Courtyard
» Laundry Facilities
APARTMENT FEATURES:
» Full Size Washer and Dryer Hookups
» Dishwasher
» Refrigerator
» Efficient Appliances
» Balcony/Patio
» Plank Flooring
» Spacious Closets
Average current occupancy of 96.9% with 17.0% rent growth.
854 sq. ft Average Unit Size
78,600 Rentable Square Footage
Amenities include: Resident Utilities
Electricity Individually Metered, Resident’s Choice
Water/Sewer City of Irving; RUBS
Trash Republic Services; RUBS
Phone/Internet/Cable TWC; Resident Pays
Staff
Community Manager 1 Full Time
Maintenance Supervisor 1 Full Time
Purchase Price
$12,350,000
Loan Amount
$9,331,200
Equity Raise
$5,946,044
Minimum Investment
$50,000
Fixed Rate
10%
Projected Cash Return
5.79%
Targeted IRR
16.00%
Investment Term
5 Years
Call us at 571-455-7477 for more info
JV Capital, LLC Partner Information
Our Partnership is having 25 years’ experience in commercial real estate acquisitions, joint ventures and property management. Our team has extensive backgrounds in corporate and military leadership, Fortune 500 consulting, along with multi-family building construction.
The team is part of a larger ecosystem that has an extensive pool of active and passive investors with numerous resources to tackle large scale multi-family projects. Attached is a list of acquisitions which have a total general partnership value currently of over $200M.
Currently, the team has syndications projects and real estate holdings in 5 states, consisting of approximately 1800 units with 400 personnel under active management. Additionally, they have over 1700 units passively invested, with the majority of those being in the Dallas and Houston markets.