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5501-5505 Lake Hubbard Pky
Garland, TX 75043
Westpoint Condominiums · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- MANAGEABLE INVESTMENT SCALE
- RECREATION & LIFESTYLE AMENITIES
- INDIVIDUAL CONDO EXIT STRATEGY
- VALUE-ADD POTENTIAL
- STRATEGIC CONNECTIVITY
- ATTRACTIVE RENT POSITIONING
EXECUTIVE SUMMARY
West Point Condominiums is a 19-unit multifamily community located at 5501 & 5505 Lake Hubbard Parkway in Garland, Texas. Built in 1982, the property spans two garden-style buildings. Units are offered in one- and two-bedroom layouts, averaging 834 square feet, for a total rentable area of 15,844 square feet across a 1.12-acre site.
The community offers a comfortable living environment supported by essential in-unit features and convenient regional access.
Positioned near I-30 and I-635, residents benefit from seamless connectivity to Downtown Dallas and surrounding employment centers. The location also places the property near Lake Ray Hubbard, schools, shopping, healthcare, and cultural amenities, reinforcing its appeal to a broad renter base. West Point Condominiums presents a compelling value-add opportunity.
Interior upgrades could drive rental premiums, aligning the property with broader submarket growth. Its individually platted units create flexibility
for ownership or disposition strategies, while the property’s proximity to ongoing development along Lake Ray Hubbard highlights long-term potential for investors.
The community offers a comfortable living environment supported by essential in-unit features and convenient regional access.
Positioned near I-30 and I-635, residents benefit from seamless connectivity to Downtown Dallas and surrounding employment centers. The location also places the property near Lake Ray Hubbard, schools, shopping, healthcare, and cultural amenities, reinforcing its appeal to a broad renter base. West Point Condominiums presents a compelling value-add opportunity.
Interior upgrades could drive rental premiums, aligning the property with broader submarket growth. Its individually platted units create flexibility
for ownership or disposition strategies, while the property’s proximity to ongoing development along Lake Ray Hubbard highlights long-term potential for investors.
PROPERTY FACTS
| Price Per Unit | $132,245 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.12 AC |
| No. Units | 19 | Building Size | 15,844 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Garden | Parking Ratio | 2.9/1,000 SF |
| Zoning | SF - Commercial | ||
| Price Per Unit | $132,245 CAD |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 15,844 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 2.9/1,000 SF |
| Zoning | SF - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
- Walk-In Closets
- Pantry
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 668 |
| 2+1 | 6 | - | 701 |
| 2+2 | 9 | - | 972 - 1,190 |
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