- For Sale Contact for pricing
- Property Type Other
- Property Size 78 SF
- Units 119
- Year Built 1964
- Date Updated May 6, 2025
GREA is pleased to present the exclusive opportunity to acquire Royal Terrace, a 120-unit value-add community in Euless, TX, strategically located near DFW Airport and major freeways.
Built in 1964 and benefiting from over $1.5M in recent capital improvements, the property is well-positioned for continued performance. Approximately 40 units have been upgraded with plank flooring, modern fixtures, and stainless-steel appliances. All units feature private entries and walk-in closets.
New ownership can unlock significant upside through the renovation of remaining units, rent increases, and ancillary income via RUBS and reserved parking.
With strong area demographics and below-market rents, Royal Terrace offers investors a stabilized asset with proven demand and meaningful growth potential in a high-barrier, infill location.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Strategically located at the southwest corner of DFW Airport, offering excellent access to major transportation routes and proximity to retail, providing tenants with easy access to everyday needs and services.
- The area boasts a 1-mile radius with a Household Median Income (HHMI) of $74,225, a low 37% homeownership rate, a 1.1% population growth rate, and highly-rated schools, providing a strong tenant base and favorable conditions for future growth.
- Over $1.5M in capital improvements including new concrete landings, soffit and fascia, gutters, exterior paint, and unit upgrades. This recent investment has positioned the property well for future value appreciation.
- Under new management, the property has successfully stabilized occupancy, transitioning from mid-60% to a fully leased-up property. The lease-up initiative was strategically implemented to qualify for agency financing and support the sale. Despite the increase in occupancy, the property has maintained a strong tenant base, with significant rental upside of $150 per unit upon renewals, supported by market comparables in the area.
- The property is being offered free and clear of existing debt, which qualifies it for non-recourse agency financing, providing flexibility for new ownership.
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Contacts
Location
Getting Around
-
Walk Score ®
61/100
Somewhat Walkable
-
Bike Score ®
48/100
Somewhat Bikeable
- City Euless, TX
- Zip Code 76040
- Market Dallas Fort Worth
Points of Interest
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DFW AirporTaxi
3.83 miles
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E17-E38
4.74 miles
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West Irving
4.76 miles
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D6-D22
4.95 miles
-
E2-E16
4.97 miles
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D23-D40
5.11 miles
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C20-C39
5.15 miles
-
B1-B19
5.35 miles
-
C2-C19
5.38 miles
-
A22-A39
5.55 miles
-
Valero
0.26 miles
-
Diamond Shamrock
0.29 miles
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QuickTrip
0.37 miles
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Mr. 4 Mart
1.27 miles
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Shell
1.28 miles
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Tesla Destination Charger
1.71 miles
-
7-Eleven
1.80 miles
-
Chevron
1.82 miles
-
QuikTrip
1.92 miles
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EVgo
2.72 miles
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American Airlines - Garage 7
1.15 miles
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American Airlines - Garage 8
1.35 miles
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American Airlines - Garage 5
1.39 miles
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CenterPort Station - Park and Ride
2.23 miles
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Texas Health Fitness Center Parking
2.25 miles
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Professional 1 Visitor Parking
2.31 miles
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DFW South Cell Phone Lot
3.11 miles
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DFW Airport Rental Car Center
3.39 miles
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La Quinta Inn & Suites DFW Airport West - Euless
0.22 miles
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Motel 6 Euless, TX - DFW West 1
0.64 miles
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Motel 6 Euless, TX - DFW West
0.68 miles
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Comfort Inn & Suites Euless
1.53 miles
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Days Inn & Suites by Wyndham Euless DFW Airport South
1.55 miles
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Homewood Suites
1.58 miles
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SpringHill Suites Dallas DFW Airport South/Centreport
1.65 miles
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Hampton
1.70 miles
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Candlewood Suites
1.77 miles
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DFW Airport Marriott South
1.85 miles
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Taco Bell
0.31 miles
-
Sonic Drive-In
0.47 miles
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Denny's
0.74 miles
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Taco Cabana
0.76 miles
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Dunkin'
0.84 miles
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Domino's
0.85 miles
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Yichiban Buffet
0.85 miles
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Subway
0.93 miles
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Mid Cities Cafe
1.03 miles
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Church's Chicken
1.27 miles
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Euless Junior High School
0.35 miles
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South Euless Elementary School
0.47 miles
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Oakwood Terrace Elementary School
0.65 miles
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Midway Park Elementary School
0.69 miles
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Trinity High School
0.83 miles
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Treetops School International
0.96 miles
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North Euless Elementary School
1.31 miles
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Wilshire Elementary School
1.34 miles
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Lakewood Elementary School
1.87 miles
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Harwood Junior High School
2.16 miles
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Kids In Glory Daycare & Preschool
5.95 miles
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Linda-Kay Child Development Center
6.05 miles
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Christian Montessori Academy
6.81 miles
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Little Tyke Child Care
6.89 miles
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Little Tyke Creative Child Care
7.66 miles
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The Toddler's Den Early Learning Center
7.79 miles
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Bowen Road Day School
8.01 miles
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The Childrens Center
8.07 miles
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Children's Park
8.89 miles
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Miss Bloomingdale's Academy
9.47 miles
Frequently Asked Questions
The sale price for Royal Terrace is available upon request. Contact the listing broker for more information.
Royal Terrace totals 78 square feet.
Royal Terrace was built in 1964.
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