M&D Real Estate announced the sale of Brook Valley Townhomes located at 11901-11918 Brook Valley Circle in Balch Springs. The 48-unit property, built in 1972, recently sold for $3,100,000; $64,583 per unit and $79.61 per square foot. Kevin Weable, Commercial Director, represented the unnamed seller in the transaction.
“We were able to bring in a buyer for our client, and the property sold and closed in seven days at a premium,” said Weable. “Everyone involved was very pleased with the transaction.”
This value-add, multifamily property includes 9 buildings and 48 units. Each building is comprised of 5 to 6 units, ranging from 972 to 1,240 square feet each. The property, situated ideally in the heart of fast-growing Balch Springs, is located just south of Mesquite and southeast of Dallas. It’s also close to three major highways, including I-635 which runs right near the neighborhood, as well as I-20 and U.S. Hwy 175 bordering the south of town.
The unnamed buyer closed on the property this week, ready to capitalize off the area’s future growth. A proposed multi-thousand square foot business park in Balch Springs is expected to bring at least 3,000+ workers to the area as Amazon and a new “packaging facility” have announced new operations in the facility there. The multi-family property is also centrally located and within close distance of several nearby growing college campuses. This charming complex is ripe for investment and continued renovations, to maximize the potential of the property and growth opportunity coming imminently to the Balch Springs area.
M&D Real Estate is a full-service firm based out of Rockwall, Texas, offering full service commercial real estate services, residential services, and property management solutions. M&D Commercial Group specializes in retail, industrial, land and office properties – and offers tenant representation and landlord representation services, in addition to specializing in investment sales and property management solutions. M&D offers commercial properties throughout the Dallas Metroplex.
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