Multifamily Development
For Sale
Contact for pricing
Pending
217 S Garland Ave, Garland, TX 75040
Offering up to 90% of LP equity for the development of a +/-155-unit multifamily project on 3.7 acres in Garland, TX.
Property SizeContact for details
Lot Size3.70 Acres
Days on Market141
Property Features for 217 S Garland Ave
General Information
Standard status
Pending
Lot size
3.70 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
155
Listing Agency:
Red Swan Capital
Listed By:
Gabriel Nwokedi · License #TX
Source:
Crexi
Added: Apr 12
Changed: Aug 13
Last Checked: Aug 29 at 1:50AM
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 Red Swan Capital
Investment Insights
Based on property information with market context.
RedSwan CRE is pleased to offer an opportunity for qualified investors to participate in the development of Draper Garland, a +/-155-unit multifamily project in Garland, Texas. The offering is for up to 90% of LP equity in the development, with a $3,500,000 equity raise required to move the project forward. LP shares are priced at $1,000 each.
The development will be constructed on approximately 3.7 acres of land at 217 S Garland Ave, Garland, TX 75040.
This listing is presented as an investment opportunity tied to the equity raise for the project’s development, rather than a stabilized operating property sale.
The development will be constructed on approximately 3.7 acres of land at 217 S Garland Ave, Garland, TX 75040.
This listing is presented as an investment opportunity tied to the equity raise for the project’s development, rather than a stabilized operating property sale.
Key Highlights
- Opportunity to invest up to 90% of LP equity in the development of Draper Garland, a +/-155‑unit multifamily project
- +/-155‑unit multifamily project planned on 3.7 acres of land in Garland, TX
- Equity raise: $3,500,000 required to develop the project
Property Analytics
Property Profile
Current Use
Lease Details
155
Residential units
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 75040, TX
64,035
Population
21,629
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
4,079
Density / Sq Mi
$73,537
Median Household Income
$39,019
Median Earnings
$1,670
Median Rent
$245,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Offering up to 90% of LP equity for the development of a +/-155-unit multifamily project on 3.7 acres in Garland, TX.
Where is this apartment building located?
The property is located at 217 S Garland Ave Garland, TX.
What are key features of this property?
This property features: Opportunity to invest up to 90% of LP equity in the development of Draper Garland, a +/-155‑unit multifamily project; +/-155‑unit multifamily project planned on 3.7 acres of land in Garland, TX; Equity raise: $3,500,000 required to develop the project
