| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 45th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 Yorkstown Dr, Ennis, TX, 75119, US |
| Region / Metro | Ennis |
| Year of Construction | 1996 |
| Units | 84 |
| Transaction Date | 2023-06-12 |
| Transaction Price | $8,591,800 |
| Buyer | WILLOWS ENNIS 84 SPE LLC |
| Seller | WILLOWS 84 LLC |
2300 Yorkstown Dr, Ennis TX Rental Housing Investment
Neighborhood occupancy around 94.5% supports leasing stability and steady renter demand in this Inner Suburb of the Dallas–Plano–Irving metro, according to WDSuite’s commercial real estate analysis.
The surrounding neighborhood carries a B- rating and ranks slightly above the metro median (553 of 1,108 Dallas–Plano–Irving neighborhoods), suggesting balanced fundamentals rather than a speculative profile. Parks and pharmacy access test in the low-70s percentiles nationally, while groceries and restaurants sit near the national middle. Cafes and childcare are limited locally, which may matter for certain renter segments.
For investors tracking rent and occupancy signals, the neighborhood s occupancy sits in the upper third nationally with a 94.5% reading, indicating historically resilient absorption through cycles. The area also shows a high renter concentration versus peers (84th national percentile), which typically expands the tenant base and helps sustain occupancy through renewals and backfill periods. These are neighborhood statistics, not property-level figures, based on CRE market data from WDSuite.
Within a 3-mile radius, recent years show modest population contraction but a projected rebound through the forecast period, alongside a sizable increase in households and smaller average household sizes. This combination points to a potential expansion of the renter pool and demand for smaller-format units, supporting lease-up and renewal dynamics. Median home values in the area are mid-range nationally (about the 58th percentile), which implies a high-cost ownership market relative to local incomes in parts of the metro and can reinforce reliance on rental options for mobility and flexibility.
Average neighborhood construction vintage is 1994, and the subject property a0 built in 1996 a0 is slightly newer than the surrounding stock. That positioning can aid competitiveness versus older properties, while investors should still underwrite routine modernization and system refresh cycles common for late-1990s assets. Average school ratings near the 15th national percentile may be a consideration for family renters; however, affordability-oriented segments often prioritize access and commute over top-rated schools.
Comparable crime statistics were not available in WDSuite for this neighborhood at the time of publication. Investors typically benchmark neighborhood conditions relative to city and county trends, overlaying property-level measures such as lighting, access control, and on-site management to support resident comfort and retention. Absent consistent metro-ranked data, it is prudent to review recent trend reports and engage local stakeholders for qualitative context.
Regional employment anchors within roughly 32 38 miles help support a commuter renter base, with concentrations in telecom, engineering, building materials, and healthcare that can contribute to steady leasing.
- State Farm Insurance insurance offices (31.6 miles)
- AT&T telecom (32.7 miles) HQ
- Jacobs Engineering Group engineering (33.0 miles) HQ
- Builders FirstSource building materials (33.0 miles) HQ
- Tenet Healthcare healthcare services (33.1 miles) HQ
Constructed in 1996 with 84 units, the asset skews toward compact floor plans (average unit size near 370 sq. ft.), aligning with value-oriented renters and cost-conscious singles who prioritize price point and functionality. Neighborhood fundamentals a0 including high renter concentration and upper-third national occupancy a0 point to durable tenant depth and backfill potential. According to CRE market data from WDSuite, the submarket a0(level: neighborhood) a0shows mid-range home values and manageable rent-to-income positioning, which can support retention while leaving room for disciplined revenue management.
Being slightly newer than the area s average vintage, the property should remain competitive against older stock, while investors may capture value via targeted renovations, energy-efficiency upgrades, and common-area improvements typical for late-1990s assets. Forward-looking 3-mile demographics call for household growth and smaller household sizes, which can expand the renter pool and support absorption for smaller-format units. Balance this with the area s modest amenity depth and school ratings, and the property s commuter positioning relative to Dallas corporate nodes.
- Upper-third neighborhood occupancy supports leasing stability and backfill confidence
- Compact unit mix targets value-driven demand and broadens the tenant base
- 1996 vintage offers light value-add via unit/interior upgrades and systems refresh
- Mid-range ownership costs bolster reliance on rental housing and retention
- Risks: thinner neighborhood amenities and lower school ratings; commuting distance to major employers