Located in one of the most desirable neighborhoods in the southern suburbs, Windsong Place benefits from an affluent community with strong employment drivers which have created a strong and stable rental market. The property currently features four different levels of interior finish outs consisting of Classic, Partial, Full, and Granite level upgrades. Additionally, Windsong Place is governed by a Land Use Restriction Agreement (LURA) stipulating that 70 units are set aside for low income and very low-income families. (Complete LURA details can be found in the Document Center).
The property is currently achieving premiums of over $100 for full upgrades and over $150 for granite level upgrades. Only 40% of the property has been upgraded to these levels.
All of the units feature washer and dryer connections, individual HVAC units, and individual hot water heaters. The submarket suggests new ownership could begin providing W/D appliances and charging $40 per month.
Located less than two miles from the Interstate-35 and Interstate-20 interchange and approximately 13 miles from Downtown Dallas
Strong in place cash flow with extremely attractive day one yields
Windsong Place is being offered on an all cash basis, free and clear of existing dept.
Windsong Place is conveniently located a mile from the Interstate 35 and Wintergreen Road intersection, and within an approximately 13-mile drive from downtown Dallas. The property is two miles from Interstate 20 and less than 10 miles to Interstate 45. This location provides Windsong Place residents easy access to the Dallas / Fort Worth Metroplex and the Interstate 20 Corridor.
• 33,980 vehicles per day along Wintergreen • 19,807 vehicles per day along North Hampton Road • 55,000 vehicles per day along I-20 • 145,000 vehicles per day along I-35
This progressive community still maintains its small-town feel that is rich in diversity and the cultural arts. DeSoto offers quality, affordable housing, friendly neighborhoods, high-performing schools, updated parks, restaurants and shopping.
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