- For Sale Contact for pricing
- Property Type Other
- Property Size 276,564 SF
- Units 296
- Year Built 2004
- Date Updated Oct 24, 2026
Description
Retreat at Lakeside is a 296-unit multifamily community offering one- and two-bedroom residences with seven floor plans ranging from approximately 708 to 1,148 square feet. All residences include full-size washers and dryers, while select floor plans feature private patios or balconies, walk-in closets, breakfast bars, and other resident-focused features. The community features a unique amenity package centered around a tranquil private lake with water feature and wooded walking trail, complemented by a resort-style swimming pool with sundeck, spa and cabanas, fully equipped fitness center, clubhouse, business center, dog park, grilling and picnic areas, controlled access, covered parking and private garages. The property offers considerable interior value-add potential, with 232 units remaining in classic condition, 33 units partially renovated, and 31 units fully renovated.
Existing renovations demonstrate a clear path for continued upgrades, while additional opportunities to introduce or expand lake- and pool-view premiums, resident technology packages, package services, and parking income provide multiple avenues to grow ancillary revenue beyond base rents.
Highlights
- 78% classic units with significant renovation upside
- 90%+ physical occupancy throughout 2026
- Acquisition basis below 50% of estimated replacement cost
- Approximately $2.6 million in prior capital improvements
- Multiple ancillary revenue opportunities
- Private lake, extensive covered parking and in-unit washers/dryers
- Proven renovation premiums of approximately $110$180/month
- Strategic I-45/FM 1960 location near medical and employment centers
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Contacts
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