Buy&Hold (Multifamily): 376 Units, Arlington / Grand Prairie (DFW), Texas + $47,000,000
- Promise Land Realty
- Dec 22, 2025
- 4 min read
Multifamily Family Investment Opportunity
Price
$47,000,000
OFF-MARKET MULTIFAMILY PORTFOLIO
Sterling Crest Apartments & Windchase Apartments
Arlington & Grand Prairie (DFW Metroplex), Texas
Portfolio Purchase Price: $47,000,000
Total Units: 376 Units
Asset Class: Value-Add / Stabilized Workforce Housing
Market: Dallas–Fort Worth MSA (Top 5 U.S. growth market)
Submit all offers directly to: investments@promiselandrealtyllc.com
PROPERTY FINANCIALS: https://drive.google.com/drive/folders/1EqMrSKhHnVkHGCVdpkhbRPcbD6tmYMgc?usp=drive_link
PROPERTY OVERVIEW
1. Sterling Crest Apartments
Address: 7001 Silber Road, Arlington, TX 76017
Units: 208
Total Square Footage: ~410,884 SF
Parking: 372 spaces
County: Tarrant County
Asset Type: Garden-style multifamily
Affordable Housing: No
In-Place Agency Financing (Fannie Mae):
Current Loan Balance: ~$19,810,000
Interest Rate: 5.41% Fixed
Amortization: 360 months
Interest-Only Period: 36 months
Maturity: November 2029
Monthly Debt Service (IO): approx. $83K–$92K
Monthly Replacement Reserves: ~$4,333
Institutional loan already in place, providing stability and attractive leverage.
2. Windchase Apartments
Address: 501 E Pioneer Parkway, Grand Prairie, TX 75051
Units: 168
Land Size: ~9.30 acres
Parking: 339 spaces
County: Dallas County
Asset Type: Garden-style multifamily
Affordable Housing: No
In-Place Agency Financing (Fannie Mae):
Current Loan Balance: ~$17,150,000
Interest Rate: 5.81% Fixed
Amortization: 360 months
Interest-Only Period: 36 months
Maturity: January 2030
Monthly Debt Service (IO): approx. $77K–$85K
Monthly Replacement Reserves: ~$3,500
PORTFOLIO FINANCIAL SNAPSHOT (IN-PLACE)
Total Units: 376
Combined Loan Balance: ~$36,960,000
Blended Fixed Interest Rates: Low-to-mid 5% range
Long Interest-Only Periods Remaining
Professional Ownership & Management
Strong Rent Collections with Upside Remaining
Value-Add Opportunities Include:
Continued rent optimization toward market
Interior unit upgrades (flooring, appliances, finishes)
Expense ratio efficiencies at scale
Ancillary income expansion (fees, parking, RUBS optimization)
MARKET HIGHLIGHTS – DFW METROPLEX
One of the fastest-growing MSAs in the U.S.
Strong population and job growth
Major employers, logistics hubs, and transportation corridors
High renter demand with limited new affordable supply
INVESTMENT THESIS
This is a rare opportunity to acquire a sizable, agency-financed, two-asset multifamily portfolio in core DFW submarkets with long-term fixed debt, interest-only periods, and clear value-add upside—ideal for private equity groups, family offices, and syndicators seeking scale.
OFFER INSTRUCTIONS
Asking Price: $47,000,000
Offers: Non-circumventing, qualified buyers only
Submit to: investments@promiselandrealtyllc.com
NDAs required for full financial package
Off-market offering. Information deemed reliable but not guaranteed. Buyer to verify all facts. Seller reserves the right to accept or reject any offer.
Submit all offers directly to:investments@promiselandrealtyllc.com
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $250 non-refundable Reservation Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
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