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7963 Villa Cliff Dr, Dallas, TX 75228
229-unit community with individual HVACs and multiple outdoor amenities, positioned for stabilization in a high-rental demand area.
Lot Size11.68 Acres
Days on Market56
Property Features for 7963 Villa Cliff Dr
General Information
Standard status
Active
Lot size
11.68 Acres
Property subtype
Multifamily
Occupancy
43%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
229
Building Details
Year Built
1966
Year Renovated
2020
Tenancy
Multi
Listing Agency:
Fort Worth Office
(817) 932-6135
Listed By:
Ford Braly · License #License(s): TX: 632146
(817) 932-6135
Source:
Marcusmillichap
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 30 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Worth Office
Investment Insights
Based on property information with market context.
Villas del Tesoro is a 229-unit apartment community comprised of 23 buildings, built in 1964 and 1966. The property features brick veneer and hardie siding over concrete slab and pier & beam foundations. Roofs with pitched design were replaced in 2020. Units are individually metered for electric and heated and cooled by individual HVAC systems. Community amenities include a pool, a soccer field, a large outdoor grill area, and a hammock garden, all set on 11.68 acres.
The community is located on a major thoroughfare near White Rock Lake and provides easy access to Interstate-30, Loop 12, and Interstate-635. A planned homebuilder community by David Weekley Homes, The Grove at White Rock Hills, is directly across the street, with homes completed in 2022.
This property is being offered through Chapter 11 Bankruptcy Proceedings. Current operations are distressed, with 43% occupancy compared to a 90% average for the submarket, and the asset is experiencing water leaks that are described as containable through plumbing repairs. The property is identified as all-bills-paid and does not currently include a RUBS program for water. The community is also subject to a TDHCA LURA expiring December 22, 2027, which creates a defined time horizon for an investor’s repositioning and stabilization approach.
The community is located on a major thoroughfare near White Rock Lake and provides easy access to Interstate-30, Loop 12, and Interstate-635. A planned homebuilder community by David Weekley Homes, The Grove at White Rock Hills, is directly across the street, with homes completed in 2022.
This property is being offered through Chapter 11 Bankruptcy Proceedings. Current operations are distressed, with 43% occupancy compared to a 90% average for the submarket, and the asset is experiencing water leaks that are described as containable through plumbing repairs. The property is identified as all-bills-paid and does not currently include a RUBS program for water. The community is also subject to a TDHCA LURA expiring December 22, 2027, which creates a defined time horizon for an investor’s repositioning and stabilization approach.
Key Highlights
- 229‑unit apartment community on 11.68 acres in Dallas, built in 1964 & 1966
- 23 buildings with brick veneer and hardie siding on concrete slab and pier & beam foundations
- Pitched roofs replaced in 2020; individually metered for electric and heated/cooled by individual HVACs
Property Analytics
Property Profile
Current Use
Lease Details
229
Residential units
43%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 75228, TX
68,219
Population
27,329
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
11.4 sq mi
ZIP Area
5,984
Density / Sq Mi
$59,617
Median Household Income
$36,862
Median Earnings
$1,196
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 229-unit community with individual HVACs and multiple outdoor amenities, positioned for stabilization in a high-rental demand area.
Where is this apartment building located?
The property is located at 7963 Villa Cliff Dr Dallas, TX.
What are key features of this property?
This property features: 229‑unit apartment community on 11.68 acres in Dallas, built in 1964 & 1966; 23 buildings with brick veneer and hardie siding on concrete slab and pier & beam foundations; Pitched roofs replaced in 2020; individually metered for electric and heated/cooled by individual HVACs
