| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 E Burnett St, Ennis, TX, 75119, US |
| Region / Metro | Ennis |
| Year of Construction | 1997 |
| Units | 81 |
| Transaction Date | 2019-06-12 |
| Transaction Price | $6,951,300 |
| Buyer | CREEKSIDE TERRACE APTS LLC |
| Seller | EAST BURNETT VILLAS LTD |
1000 E Burnett St Ennis Multifamily Opportunity
Neighborhood occupancy trends point to steady renter demand in this Inner Suburb of the Dallas-Plano-Irving metro, according to WDSuite’s CRE market data. Expect durable leasing conditions supported by local amenities and commuter access across Ellis County.
Situated in Ennis within the Dallas-Plano-Irving metro, the neighborhood carries a C+ rating and performs above the metro median for occupancy (rank 553 out of 1,108 metro neighborhoods). That positioning suggests comparatively stable leasing conditions at the submarket level, which can support income consistency for multifamily assets.
Amenity access is balanced rather than destination-driven. Cafés rank competitively and fall into the top quartile nationally, while grocery and park access trend around the upper-middle of national benchmarks. Childcare and pharmacies are less concentrated locally, so residents may rely on nearby corridors for those needs. These dynamics generally align with workforce-oriented renter profiles that prioritize convenience and value.
The area’s housing stock skews older on average (1982), while the subject property’s 1997 vintage is newer than the neighborhood norm—an advantage for tenant appeal and ongoing competitiveness. Investors should still underwrite for system updates or selective renovations typical of late-1990s construction, which can drive rent positioning versus older comparables.
Tenure patterns indicate a solid renter base at the neighborhood scale, with renter-occupied housing share competitive among Dallas-Plano-Irving neighborhoods (rank 391 of 1,108). For underwriting, this points to depth of demand for multifamily, supporting occupancy stability across cycles. Within a 3-mile radius, demographics show recent softness but projections indicate future growth in both population and households, which would expand the tenant base and aid leasing if realized. Median home values sit in a more accessible range for the region, implying that ownership is attainable for some households; for investors, this suggests retention strategies and amenity upgrades matter to defend pricing power against entry-level ownership options.
Comparable, property-specific safety metrics are not available in the provided dataset for this neighborhood. Investors should review city and county sources and recent trend reports for Ennis and Ellis County to assess conditions around the asset and along primary commuter routes. When reliable data is available, compare neighborhood performance to the broader Dallas-Plano-Irving metro to gauge whether trends are above or below regional norms.
- State Farm Insurance — insurance services (29.5 miles)
- AT&T — telecommunications (32.9 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (33.2 miles) — HQ
- Builders Firstsource — building materials (33.3 miles) — HQ
- Tenet Healthcare — healthcare services (33.3 miles) — HQ
Regional employment hubs within roughly 30–35 miles include corporate offices across telecom, engineering, building materials, and healthcare, supporting commuter-driven renter demand and lease retention for workforce housing.
Constructed in 1997 with 81 units, the property is newer than the neighborhood’s 1980s-average stock, offering a relative competitive edge with potential to capture demand from renters seeking more modern finishes and layouts. Neighborhood occupancy ranks above the metro median, and renter concentration is competitive within the Dallas-Plano-Irving market—signals that support steady tenant demand and income resilience. Within a 3-mile radius, recent softness gives way to forward projections for population and household expansion, indicating a larger tenant base and improved leasing prospects if those trends materialize.
Home values in this part of Ellis County are moderate by regional standards and rent-to-income ratios trend manageable, reinforcing retention and giving operators room to calibrate pricing with amenity and service enhancements. According to CRE market data from WDSuite, amenity access (grocery, parks, cafés) is broadly supportive of daily needs, while limited childcare and pharmacy density suggests residents lean on nearby corridors—an operational consideration for marketing and renewals. Key risks include demographic volatility, exposure to commuter patterns into Dallas job centers, and typical late-1990s capital needs.
- 1997 vintage vs. 1980s neighborhood average supports competitive positioning with targeted value-add
- Above-median neighborhood occupancy and competitive renter share support leasing stability
- 3-mile projections point to a larger renter pool, aiding absorption and retention if realized
- Moderate ownership costs and manageable rent-to-income favor pricing discipline and renewals
- Risks: demographic swings, commuter dependence, and late-1990s building systems capex