309 SW 5th St Grand Prairie, TX 75051

Listing agency Dallas Office n***@marcusmillichap.com Show Phone

Listed by Nick Fluellen · License #License(s): TX: 0521943, TX: 9001647 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 3:07AM

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Investment Insights

Based on property information with market context.

Savannah Square is a 56-unit apartment community located in Grand Prairie, Texas. The property offers operational upside through a water conservation program projected to reduce expenses by approximately $17,000 annually, alongside savings from electrical upgrades that have lowered insurance costs. Ownership has invested approximately $97,000 in recent capital improvements, including breaker replacements, roof upgrades, and system enhancements, reducing near-term capital requirements. Positioned near the General Motors Arlington Assembly Plant and Arlington’s premier entertainment district, and with direct access to Interstate 30, Highway 360, and the George Bush Turnpike, Savannah Square benefits from regional demand drivers and long-term growth fundamentals. This makes it an attractive value-add investment opportunity in the DFW metroplex.

Key Highlights

• 56‑unit apartment community in Grand Prairie, Texas.
• Immediate operational upside through a water conservation program projected to reduce expenses by approximately $17,000 annually.
• Approximately $97,000 invested in recent capital improvements (breaker replacements, roof upgrades, system enhancements) reducing near‑term capital requirements.

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FAQs

What type of property is this?

Apartment building - 56-unit apartment community in Grand Prairie, Texas.

Where is this apartment building located?

The property is located at 309 SW 5th St Grand Prairie, TX.

What are key features of this property?

This property features: 56‑unit apartment community in Grand Prairie, Texas.; Immediate operational upside through a water conservation program projected to reduce expenses by approximately $17,000 annually.; Approximately $97,000 invested in recent capital improvements (breaker replacements, roof upgrades, system enhancements) reducing near‑term capital requirements.