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Raintree Apartment is a 34 unit garden-style apartment community located in Grand Prairie, TX. The Property recently underwent a renovation with includes: new roof, gutters, complete exterior paint job, wood/siding replacement and new exterior lighting fixtures. A water conservation program was implemented with the installation of low flow faucets, shower heads and adjustable toilet flappers. The units also received new electrical switches, outlets, hard surface flooring, counter tops and many new appliances.
Raintree is located at the corner of Center Street and Skyline Rd. which sees a traffic count of 3,550 cars per day. The average income is $58,070 within a 1 mile radius of the property. The subject's location offers quick and convenient access to employment in the DFW Metro area which is comprised of more than 6.3 million people and over 130,000 business establishments.
The property was constructed in 1967 with a concrete slab foundation, brick veneer and wood exterior under a pitched composition roof. Electricity is master metered with HVAC provided by a Carrier air-cooled 2 pipe chiller system that was replaced in 2008. Hot water is provided to the residents via a central boiler system, also replaced in 2008. Community amenities include an on-site laundry facility and separate leasing office.
Raintree Apartments consists of 24 one bed/one bath style units and 10 two bed/one and a half bath units ranging in size from 600 SF to 900 SF. The two bedroom unit types are townhome style units with the living area and half bath downstairs and the bedrooms and full bath up. Unit features gas range with vent hood, frost-free refrigerators and enclosed patios in 2 bedroom units.
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