| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 70th | Good |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2610 Lakehill Ln, Carrollton, TX, 75006, US |
| Region / Metro | Carrollton |
| Year of Construction | 1981 |
| Units | 72 |
| Transaction Date | 1995-08-22 |
| Transaction Price | $3,187,500 |
| Buyer | 2610 LAKEHILL LTD |
| Seller | DERMODY DIANE E |
2610 Lakehill Ln, Carrollton TX Multifamily Value-Add
Neighborhood occupancy has held in the mid-90s and home values are elevated for the metro, supporting renter demand according to WDSuite’s CRE market data. The investment angle centers on stable leasing fundamentals with potential to enhance income through targeted upgrades.
Located in suburban Carrollton within the Dallas–Plano–Irving metro, the property benefits from proximity to major employment nodes and everyday services. Restaurants and cafes are competitive relative to national averages, while parks and pharmacies are limited within the immediate neighborhood, making on-site amenities and convenience features more influential for leasing.
WDSuite rates the neighborhood A- and it ranks 257 out of 1,108 Dallas–Plano–Irving neighborhoods, placing it in the top quartile nationally for overall standing. Neighborhood occupancy has hovered around 94–95% in recent years with a slight five-year uptick; this refers to the neighborhood, not the property, and points to steady renter demand and lease retention potential.
Within a 3-mile radius, a majority of housing units are renter-occupied, indicating depth in the tenant base and a consistent pipeline of prospects for a 72-unit asset. The median rent level in the neighborhood sits above national norms, while rent-to-income ratios track favorably, which can support payment performance and reduce turnover risk under disciplined lease management.
Median home values in the neighborhood are elevated versus national benchmarks, which tends to reinforce reliance on multifamily rentals and supports pricing power in stabilized assets. Average school ratings are closer to the national midpoint, so family-oriented demand may be more sensitive to property-level offerings and unit mix than to school-driven premiums.
Safety indicators benchmark above national averages overall, with the neighborhood landing in higher national percentiles for both property and violent offense rates. At the same time, year-over-year trends show a recent uptick in violent incidents, so investors should validate latest comps, consider lighting and access controls, and underwrite modest security operating costs. Conditions can vary within small areas; use submarket and site-level diligence to confirm.
The location sits near a diversified white-collar employment base that supports renter demand and commute convenience, including retail operations, technology, engineering, energy, and semiconductors noted below.
- Costco Regional Office — retail operations (4.8 miles)
- IBM Dallas Metroplex — technology (5.1 miles)
- Fluor — engineering & construction (6.3 miles) — HQ
- Exxon Mobil — energy (6.9 miles) — HQ
- Texas Instruments — semiconductors (7.0 miles) — HQ
Built in 1981, this 72-unit asset is older than the neighborhood’s average vintage, pointing to clear value-add potential through unit renovations, common-area refreshes, and systems modernization. According to CRE market data from WDSuite, the surrounding neighborhood is competitive among Dallas–Plano–Irving submarkets with top-quartile standing, steady occupancy around the mid-90s, and rent levels above national norms while rent-to-income ratios remain manageable—factors that can support cash flow durability and measured rent growth.
Within a 3-mile radius, the renter-occupied share forms a sizable majority and household counts are projected to increase even as population edges down, implying smaller household sizes and a resilient renter pool. Elevated home values in the neighborhood context further sustain multifamily reliance, while nearby corporate employers broaden the prospect base across tech, energy, and professional services. Key risks include the older asset profile (capex), limited park/pharmacy amenities locally, and monitoring recent safety trends.
- 1981 vintage offers value-add and systems upgrade potential relative to newer nearby stock
- Neighborhood occupancy in the mid-90s supports leasing stability and retention
- Elevated home values and a majority-renter 3-mile area deepen tenant demand
- Diverse nearby employers (tech, energy, engineering) underpin prospect flows
- Risks: older building capex, limited local parks/pharmacies, and recent safety uptick to monitor