Contacts
GREA
GREA
Property Details
- Property Type Other
- Units 119
- Year Built 1964
- Date Updated Jun 26, 2025
GREA is pleased to present the exclusive opportunity to acquire Royal Terrace, a 120-unit value-add community in Euless, TX, strategically located near DFW Airport and major freeways.
Built in 1964 and benefiting from over $1.5M in recent capital improvements, the property is well-positioned for continued performance. Approximately 40 units have been upgraded with plank flooring, modern fixtures, and stainless-steel appliances. All units feature private entries and walk-in closets.
New ownership can unlock significant upside through the renovation of remaining units, rent increases, and ancillary income via RUBS and reserved parking.
With strong area demographics and below-market rents, Royal Terrace offers investors a stabilized asset with proven demand and meaningful growth potential in a high-barrier, infill location.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Over $1.5M in capital improvements including new concrete landings, soffit and fascia, gutters, exterior paint, and unit upgrades. This recent investment has positioned the property well for future value appreciation.
- Strategically located at the southwest corner of DFW Airport, offering excellent access to major transportation routes and proximity to retail, providing tenants with easy access to everyday needs and services.
- The area boasts a 1-mile radius with a Household Median Income (HHMI) of $74,225, a low 37% homeownership rate, a 1.1% population growth rate, and highly-rated schools, providing a strong tenant base and favorable conditions for future growth.
- The property is being offered free and clear of existing debt, which qualifies it for non-recourse agency financing, providing flexibility for new ownership.
- Under new management, the property has successfully stabilized occupancy, transitioning from mid-60% to a fully leased-up property. The lease-up initiative was strategically implemented to qualify for agency financing and support the sale. Despite the increase in occupancy, the property has maintained a strong tenant base, with significant rental upside of $150 per unit upon renewals, supported by market comparables in the area.
Getting around
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55/100
Walk Score ®
-
52/100
Bike Score ®
Location
- City Euless, TX
- Zip Code 76040
- Market Dallas Fort Worth
Points of Interest
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DFW AirporTaxi
4.01 miles
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E17-E38
4.11 miles
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D6-D22
4.21 miles
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E2-E16
4.31 miles
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D23-D40
4.35 miles
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C20-C39
4.47 miles
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B1-B19
4.57 miles
-
C2-C19
4.67 miles
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B20-B49
4.78 miles
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A22-A39
4.82 miles
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Mr. 4 Mart
0.38 miles
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Shell
0.47 miles
-
QuickTrip
0.85 miles
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Diamond Shamrock
1.03 miles
-
Valero
1.05 miles
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Chevron
1.18 miles
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Exxon
1.37 miles
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QuikTrip
1.47 miles
-
EVgo
2.37 miles
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Tesla Supercharger
2.39 miles
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American Airlines - Garage 7
1.84 miles
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American Airlines - Garage 5
1.97 miles
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American Airlines - Garage 8
2.14 miles
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Texas Health Fitness Center Parking
2.27 miles
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Professional 1 Visitor Parking
2.33 miles
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CenterPort Station - Park and Ride
2.96 miles
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DFW South Cell Phone Lot
3.01 miles
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DFW Airport Rental Car Center
3.20 miles
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La Quinta Inn & Suites DFW Airport West - Euless
0.86 miles
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Motel 6 Euless, TX - DFW West
0.94 miles
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Motel 6 Euless, TX - DFW West 1
0.97 miles
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Comfort Inn & Suites Euless
1.59 miles
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Residence Inn Dallas DFW Airport West/Bedford
1.77 miles
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La Quinta Inn & Suites
1.78 miles
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Holiday Inn
1.83 miles
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Home2 Suites
1.84 miles
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Tru
1.89 miles
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Aloft Dallas Euless
1.96 miles
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Albertsons
0.46 miles
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Kroger
0.52 miles
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Ross
1.13 miles
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ALDI
1.14 miles
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Walmart Supercenter
1.49 miles
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Marshalls
2.06 miles
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Target
2.39 miles
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Walmart Neighborhood Market
2.52 miles
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Big Lots
2.57 miles
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Tom Thumb
3.12 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
